$ETH CPI and PPI both deliver shocks in quick succession—how much longer can the bulls hold on?
Guys, the crypto market has turned into a bomb-disposal site this week! CPI and PPI both came in hotter than expected, stoking inflation concerns and dealing a blow to rate-cut expectations. BTC fell below 81,000, the crypto market saw a sharp pullback, and leveraged bulls were caught off guard.
ETH dipped to a low of 2,314 last night, then rebounded to 2,380 before hitting resistance again. It’s now hovering around 2,348. Resistance is clear in the 2,350–2,380 range, while 2,314 is key support. A high-volume break below that level would raise the risk of a further drop.
Interestingly, a certain whale bought 6,010 ETH, worth about $14.23 million. But a whale buying the dip doesn’t mean the market has bottomed—don’t blindly follow their trades.
Strategy: Be cautious and slightly bearish in the short term. If 2,314 holds, expect sideways trading for now; wait to see if ETH can reclaim 2,380 before looking for a rebound. Macro risks are still unfolding, so don’t rush to catch a falling knife. Protect your capital so you can play another round! #以太坊跌破2400美元 #韩国拟收紧金融网络安全规定
Guys, the crypto market has turned into a bomb-disposal site this week! CPI and PPI both came in hotter than expected, stoking inflation concerns and dealing a blow to rate-cut expectations. BTC fell below 81,000, the crypto market saw a sharp pullback, and leveraged bulls were caught off guard.
ETH dipped to a low of 2,314 last night, then rebounded to 2,380 before hitting resistance again. It’s now hovering around 2,348. Resistance is clear in the 2,350–2,380 range, while 2,314 is key support. A high-volume break below that level would raise the risk of a further drop.
Interestingly, a certain whale bought 6,010 ETH, worth about $14.23 million. But a whale buying the dip doesn’t mean the market has bottomed—don’t blindly follow their trades.
Strategy: Be cautious and slightly bearish in the short term. If 2,314 holds, expect sideways trading for now; wait to see if ETH can reclaim 2,380 before looking for a rebound. Macro risks are still unfolding, so don’t rush to catch a falling knife. Protect your capital so you can play another round! #以太坊跌破2400美元 #韩国拟收紧金融网络安全规定