$ETH hit $2,406 after yesterday's PPI print, then bounced straight back above $2,464. Quick recovery, but the macro setup is still messy.
Oil's holding above $100. Rate hike odds sit around 70%. CPI drops today, then FOMC decision follows.
The key level: $2,350. If $ETH holds above that through FOMC, next targets are $2,800-$3,400. Break below $2,350, and we're looking at $1,900.
Short-term price action tied directly to Fed policy and inflation data. Volatility likely stays high until clarity emerges.
Oil's holding above $100. Rate hike odds sit around 70%. CPI drops today, then FOMC decision follows.
The key level: $2,350. If $ETH holds above that through FOMC, next targets are $2,800-$3,400. Break below $2,350, and we're looking at $1,900.
Short-term price action tied directly to Fed policy and inflation data. Volatility likely stays high until clarity emerges.
