According to U.S. negotiators and former President Donald Trump, a draft U.S.-China trade agreement was formed, boosting risk sentiment and initially lifting Ether (ETH) to around $2,780. This gain intensified after the U.S. Labor Department reported a soft 0.1% monthly CPI increase for May, below the 0.2% forecast, fueling expectations of Fed rate cuts and driving ETH to an intraday high of $2,873.46. Technical analysis confirms the breakout with spot volume surging to approximately 527,000 ETH, validating support at $2,750-$2,760 and targeting $2,900 and $3,000 for traders.

According to Trader Tardigrade, Ethereum ($ETH) has completed a notable pullback and is now forming a triangle pattern, which is a classic technical indicator of potential breakout momentum in crypto markets (source: @TATrader_Alan, Twitter, May 10, 2025). This setup is significant for traders as triangle formations often precede major price moves, suggesting increased volatility and possible upside in the coming sessions. The start of this bullish phase may attract higher trading volumes, and the technical structure points to a favorable risk-reward scenario for swing and momentum traders focused on Ethereum and correlated altcoins.

According to Crypto Rover on Twitter, current market conditions present a strong buying opportunity for Ethereum (ETH), highlighting that selling ETH at this price level may be a significant mistake for traders. Crypto Rover's statement, supported by his shared chart, implies a bullish outlook based on technical analysis and recent price movements (source: @rovercrc, April 26, 2025). Traders should note that such sentiment suggests potential for upward price momentum, making this a key time to reassess ETH positions for medium-term gains.