ETH bulls haven’t faced any major pressure yet — and the chart is still holding a constructive setup.
Ethereum continues to defend both the 21-day and 50-day moving averages, and as long as those key levels remain protected, the path of least resistance still appears to be upward.
But today could be the moment that decides the next move.
With PCE inflation data and Advance GDP figures arriving, the market is about to receive fresh macro signals that could reshape sentiment.
Warsh recently emphasized that the Fed won’t be watching only the data itself — they’ll also be paying close attention to how markets react before making future policy decisions.
If the numbers come in favorably and risk appetite returns, a Nasdaq rebound could be on the table, potentially bringing renewed focus back toward the Clarity Act narrative.
The next catalyst is here. The market is watching. 👀
$MMT
$ESP $ETH
#eth
Ethereum continues to defend both the 21-day and 50-day moving averages, and as long as those key levels remain protected, the path of least resistance still appears to be upward.
But today could be the moment that decides the next move.
With PCE inflation data and Advance GDP figures arriving, the market is about to receive fresh macro signals that could reshape sentiment.
Warsh recently emphasized that the Fed won’t be watching only the data itself — they’ll also be paying close attention to how markets react before making future policy decisions.
If the numbers come in favorably and risk appetite returns, a Nasdaq rebound could be on the table, potentially bringing renewed focus back toward the Clarity Act narrative.
The next catalyst is here. The market is watching. 👀
$MMT
$ESP $ETH
#eth