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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Just now, the Fed's mouthpiece Nick Timiraos stated that the core CPI is expected to rise to 3.1% tomorrow night, which is higher than the current market expectation, triggering a small panic in the market, with Bitcoin falling by 2% and Nasdaq futures turning from rise to flat.
I think the rise in inflation is on the board, but it depends on whether you believe Trump; he might optimize some data. A core CPI of 3.1% is definitely a bit high, but if it reaches 3.0%, which aligns with market expectations, then I think the impact won't be significant.
It is expected that the market may remain vigilant until the CPI is released tomorrow night. Those who are aggressive can take advantage of the recent pullback to slightly accumulate some ENA around 0.7 to 0.75, while for ETH, I will pay more attention to the neckline near 4150 and the significant level of 4000.
No one can know the CPI results in advance tomorrow night, but the market expectations in the chart can be referenced. I hope everything goes smoothly tomorrow~