November 10 $ETH Market Update
Rate hike concerns grow as markets await CPI
A recent New York Fed survey showed that one-year inflation expectations reached 3.9%, above the expected 3.78%. Coupled with Fed officials' repeated emphasis on inflation risks, concerns about a rate hike in December have resurfaced.
The U.S. October CPI data will be released tonight at 21:30, and this report is important.
As for ETH, it fell to a low of 2051 yesterday, rebounded to around 2150, and then started weakening again.
It is currently fluctuating around 2100. The 1-hour moving averages are still trending downward, and buyers have no clear advantage for now.
It's best to stay cautious until tonight's data is released.
If CPI comes in higher than expected, ETH may test lower levels again and could even see a deeper decline. If inflation cools, that could create an opportunity for a rebound.
In the short term, watch 2050 as support and 2130–2150 USD as the key resistance zone.
Until it moves back above that level, I'll remain on the sidelines and prioritize defense.
#CPI前瞻，12月利率走向迎关键考验
Rate hike concerns grow as markets await CPI
A recent New York Fed survey showed that one-year inflation expectations reached 3.9%, above the expected 3.78%. Coupled with Fed officials' repeated emphasis on inflation risks, concerns about a rate hike in December have resurfaced.
The U.S. October CPI data will be released tonight at 21:30, and this report is important.
As for ETH, it fell to a low of 2051 yesterday, rebounded to around 2150, and then started weakening again.
It is currently fluctuating around 2100. The 1-hour moving averages are still trending downward, and buyers have no clear advantage for now.
It's best to stay cautious until tonight's data is released.
If CPI comes in higher than expected, ETH may test lower levels again and could even see a deeper decline. If inflation cools, that could create an opportunity for a rebound.
In the short term, watch 2050 as support and 2130–2150 USD as the key resistance zone.
Until it moves back above that level, I'll remain on the sidelines and prioritize defense.
#CPI前瞻，12月利率走向迎关键考验
