List of Flash News about US CPI report crypto
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2025-07-03 02:40 |
Ether (ETH) Price Surges Towards $3,000 on Favorable CPI Data and US-China Trade Deal Hopes
According to @StockMKTNewz, Ether (ETH) is rallying towards the $3,000 mark, propelled by positive macroeconomic developments. A softer-than-expected U.S. May CPI report, with a modest 0.1% month-on-month rise, has increased expectations for a Federal Reserve rate cut later this year, as cited in the report. This, combined with news of a potential U.S.–China trade framework, has boosted risk appetite. The report notes that ETH vaulted to an intraday high of $2,873.46 on significant spot volume. From a technical perspective, traders are watching for a decisive close above the $2,900 resistance level to confirm a move towards $3,000, with immediate support established in the $2,750–$2,760 range. The analysis also highlights strong structural tailwinds, including record staked ETH, a 16-day streak of ETF inflows nearing $900 million, and record-high futures open interest, all signaling sustained institutional engagement. Meanwhile, the broader crypto market, including Bitcoin (BTC), remained largely indifferent to renewed U.S. tariff threats, which Coinbase analysts reportedly view as a disregarded economic risk. |