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Did Ethereum (ETH) Price Top at $4.9K? Watch These Price Levels

From dailyforex.com

The broader economic environment plays a pivotal role in Ethereum’s price action, as macroeconomic indicators influence investor sentiment and risk appetite. The US Consumer Price Index (CPI) data released on August 13th and inflation trends indicate cooling inflationary pressures, with the US CPI dropping to 2.9% year-over-year in July 2025, the lowest since March 2021, according to the US Bureau of Labor Statistics. This decline suggests the Federal Reserve’s aggressive monetary tightening may be nearing its end, raising expectations for a potential rate cut at the Federal Open Market Committee (FOMC) meeting on ... (full story)

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  • Category: Technical Analysis