Place your ads here email us at info@blockchain.news
NEW
CPI report crypto Flash News List | Blockchain.News
Flash News List

List of Flash News about CPI report crypto

Time Details
2025-07-03
04:39
Ethereum (ETH) Price Surges Toward $3,000 on Positive Macro News and Strong On-Chain Signals

According to @doctortraderr, Ether (ETH) surged to an intraday high of $2,873.46, driven by positive macroeconomic developments including a tentative U.S.–China trade framework and a softer-than-expected U.S. CPI report. The price rally is supported by strong underlying fundamentals and on-chain metrics. Analytics firm Sentora reported a massive withdrawal of over 140,000 ETH, valued at approximately $393 million, from exchanges on June 11, marking the largest single-day outflow in over a month. Concurrently, staked ETH reached a record 34.65 million tokens, and ETH-based ETFs saw a 16-day inflow streak, with daily inflows at times surpassing those of Bitcoin ETFs. Despite a minor pullback, options data from Glassnode indicates rising bullish conviction, with a sharp increase in demand for call options. From a technical standpoint, ETH established a new support band at $2,750–$2,760, with traders targeting the $2,900 and psychological $3,000 resistance levels.

Source
Place your ads here email us at info@blockchain.news