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ETH is currently in a critical tug-of-war zone, with resistance overhead and support below, and tonight’s CPI data will directly affect market expectations for the Federal Reserve’s interest-rate path.
Be wary of buying on expectations and selling on facts. The market has already partially priced in pessimistic expectations, so pay attention to the potential reversal after the data is released.
If the CPI meets expectations, ETH will most likely test downward around 2080-2150; it is also possible that if the CPI is below expectations, ETH could test upward around 2250-2300.
#ETH