November 10 $ETH
Market Update: Rate hike expectations rise; awaiting CPI guidance. A New York Fed survey showed one-year inflation expectations at 3.9%, above the expected 3.78%. Combined with Fed officials continuing to flag inflation risks, markets are concerned about a December rate hike.
U.S. October CPI will be released tonight at 21:30; the data is key. ETH dipped to 2051 yesterday, rebounded to 2150, then weakened again. It is currently fluctuating around 2100, with the 1-hour moving average trending downward and buying pressure weak. Stay cautious ahead of the data release.
If CPI comes in above expectations, ETH may dip again and losses could widen; only easing inflation may bring a recovery. Short-term support is at 2050, with resistance at 2130–2150. Until it breaks above resistance, stay on the sidelines and focus on defense.
Market Update: Rate hike expectations rise; awaiting CPI guidance. A New York Fed survey showed one-year inflation expectations at 3.9%, above the expected 3.78%. Combined with Fed officials continuing to flag inflation risks, markets are concerned about a December rate hike.
U.S. October CPI will be released tonight at 21:30; the data is key. ETH dipped to 2051 yesterday, rebounded to 2150, then weakened again. It is currently fluctuating around 2100, with the 1-hour moving average trending downward and buying pressure weak. Stay cautious ahead of the data release.
If CPI comes in above expectations, ETH may dip again and losses could widen; only easing inflation may bring a recovery. Short-term support is at 2050, with resistance at 2130–2150. Until it breaks above resistance, stay on the sidelines and focus on defense.
