According to @doctortraderr, Ethereum (ETH) is showing strong bullish momentum, surging towards the $3,000 resistance level following favorable macroeconomic news. A tentative U.S.–China trade framework and a soft U.S. May CPI report, which showed a mere 0.1% month-on-month increase, have fueled risk-on sentiment and expectations of potential Federal Reserve rate cuts, as detailed in the report. Technical analysis highlights an accelerating up-channel with immediate support at the $2,750–$2,760 band, while key upside targets are $2,900 and the psychological $3,000 zone. This price action is supported by strong fundamentals, including a record 34.65 million staked ETH and futures open interest hitting a new high above $21.7 billion, underscoring steady institutional interest. In contrast, SharpLink Gaming (SBET), a Nasdaq-listed company with an ETH treasury strategy, saw its stock plummet 70% in after-hours trading. The drop followed an SEC filing enabling the resale of nearly 58.7 million shares. However, Charles Allen, CEO of BTCS, speculated in an X post that this sell-off might be a strategic prelude to a major announcement, possibly a $1 billion ETH purchase, which could significantly impact the stock's trajectory.

According to @ai_9684xtpa, Ethereum (ETH) is showing strong bullish momentum, targeting the $3,000 level, driven by a confluence of fundamental and macroeconomic factors. A key driver is significant institutional interest, with CoinShares reporting nearly $2.9 billion in year-to-date inflows into ether investment products. This trend is amplified by on-chain data showing a record of over 35 million ETH staked, reducing the liquid supply. Favorable macroeconomic news, including a soft U.S. CPI report and a potential U.S.-China trade agreement, improved risk appetite and helped propel ETH past $2,800 on significant volume. From a trading perspective, technical analysis reveals an accelerating up-channel, with immediate support established at the $2,750-$2,760 band. Key upside resistance levels for traders to watch are $2,900 and the psychological $3,000 barrier.

According to @MilkRoadDaily, Ether (ETH) surged towards the $3,000 level, reaching an intraday high of $2,873.46, driven by favorable macroeconomic news. The primary catalysts cited were a softer-than-expected U.S. May CPI report and a draft U.S.–China trade framework, which sparked a risk-on sentiment. The analysis highlights strong spot volume of approximately $1.47 billion during the rally. For traders, key technical levels to watch are immediate support at the $2,750–$2,760 band and upside targets at $2,900 and the psychological $3,000 zone. The report also notes strong structural tailwinds for ETH, including record staked tokens (28.7% of supply), a 16-day ETF inflow streak, and record futures open interest. In other major protocol news, Polygon co-founder Sandeep Nailwal has taken control as CEO of the Polygon Foundation, initiating a strategic overhaul to focus on the AggLayer cross-chain liquidity protocol while retiring the zkEVM network.

According to market reports, Ether (ETH) surged to an intraday high of $2,873.46 following a tentative U.S.-China trade agreement and a softer-than-expected U.S. CPI report. Officials announced a draft trade framework that would ease restrictions, as confirmed by former U.S. president Donald Trump on Truth Social. The U.S. Labor Department reported May CPI rose only 0.1% month-on-month, below forecasts, boosting expectations for Fed rate cuts and driving risk assets higher with ETH volume spiking to approximately 527,000 coins. Structural supports include record staked ETH at 34.65 million tokens and strong ETF inflows, with technical analysis indicating potential for a run towards $3,000 if ETH closes above $2,900.

According to Michaël van de Poppe (@CryptoMichNL), the latest CPI data came in lower than expected, indicating that inflation is calming down. This development is important for traders as it may ease investor concerns and signals a higher probability that the Federal Reserve could lower interest rates. Historically, a dovish Fed and reduced inflationary pressure have been positive catalysts for Bitcoin and the broader cryptocurrency market, potentially setting the stage for a significant bullish run. Source: Twitter (@CryptoMichNL, May 13, 2025).

According to Milk Road, despite the complexity of the recent CPI report, the decision to invest more in cryptocurrencies was made. This highlights a trend among traders who focus on long-term gains despite short-term economic indicators. The report, often a trigger for market volatility, did not deter confidence in the crypto market, suggesting a potential trend for increased crypto buying during uncertain economic times.

According to Michaël van de Poppe, the current market presents an accumulation zone for altcoins. Despite the recent unfavorable Consumer Price Index (CPI) report—which could typically signal economic concerns—van de Poppe suggests that current altcoin prices are still favorable for long-term investments. He implies that investors might find current prices advantageous, foreseeing potential growth in the coming year. However, specific altcoins or market conditions are not detailed. This presents an opportunity for traders looking to enter the altcoin market at potentially low prices.