๐$ETH Rises Again: Are We Witnessing a Breakthrough Towards $4,500?
๐ U.S. inflation data for September came in weaker than expected, igniting a wave of optimism in the markets.
The Consumer Price Index (CPI) rose by only 3% year-on-year, below the forecast of 3.1%.
This slowdown in inflation has boosted the chances of an interest rate cut by 85% before the end of 2025.
๐ธ Ethereum ($ETH ) responded strongly, briefly surpassing the $4,000 barrier, supported by market momentum and monetary policy expectations. Open interest rose to 11.75 million ETH, the highest level since October 10, reflecting investors' confidence in the continued rise.
๐ Technical analysis indicates that $ETH is testing the 100-day exponential moving average, consolidating between $3,800 and $4,100.
If resistance at $4,100 is broken, we may see a jump towards $4,500, especially with support from the 50-day exponential moving average.
๐ Despite ongoing trade tensions between the United States and China, price behavior reflects positive caution.
Futures liquidation reached $69.4 million over 24 hours, indicating a repositioning of investors.
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