Ethereum is at a critical decision point today. The price is fluctuating between key resistance and support zones, with technical indicators giving conflicting signals: some indicate short-term overbought conditions requiring a pullback, while others are supported by long-term bullish patterns. The market is awaiting tonight’s US CPI data for direction, as this data will directly impact macro liquidity expectations. If the data is mild, it could propel the price to test resistance; if the data is strong, another test of the lower support may occur. Investors are advised to remain cautious and wait for the market direction to become clear after the data release.
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Ethereum is at a critical decision point today. The price is fluctuating between key resistance and support zones, with technical indicators giving conflicting signals: some indicate short-term overbought conditions requiring a pullback, while others are supported by long-term bullish patterns. The market is awaiting tonight’s US CPI data for direction, as this data will directly impact macro liquidity expectations. If the data is mild, it could propel the price to test resistance; if the data is strong, another test of the lower support may occur. Investors are advised to remain cautious and wait for the market direction to become clear after the data release.