Yesterday’s CPI data came in far below expectations, and the bullish move directly pushed Ethereum to break out of the 1830-1850 USD range that had capped price action for multiple days. It fully reversed the weak downtrend at the daily level, with the session high reaching 1896 USD. After coming within one step of the 1900 USD key level, price was pressured and pulled back.

From the one-hour chart, the current price is in a high-level and slightly corrective phase, but none of the indicators show concentrated bearish-volume signals. The market is more likely to trade in a high-range sideways consolidation, using oscillation rather than a deep selloff. There is still momentum for another attempt higher ahead; in the short term, do not blindly chase shorts against the trend.
ETH reference: 1867 long, target 1917, stop-loss 30 points #btc #eth