Ethereum Struggles Without Bottom Confirmation as CPI Looms

Ethereum is holding in a technically important zone, but the market still hasn’t confirmed whether this bounce has legs. With U.S. inflation data dropping today, traders are bracing for potential swings while watching key price levels closely.

Ethereum’s Recovery Lacks Impulsive Strength

Right now, ETH is sitting in a spot where bottoms could form—but the structure isn’t there yet. Ethereum hasn’t delivered the kind of clean five-wave rally that would signal a real reversal, and it hasn’t even broken above last weekend’s high. That means the door’s still open for more downside.

The bounce from last week’s low looks corrective rather than impulsive, which is a red flag for anyone hoping the worst is over. Until Ethereum proves it can shift from choppy rebound mode into a stronger upward sequence, caution remains the name of the game.

CPI Data Adds Near-Term Volatility Risk

Today’s U.S. CPI release is the wild card. Inflation numbers have a history of shaking up crypto markets, and Ethereum price is especially vulnerable right now given its lack of technical confirmation. Elevated volatility around the data is a realistic expectation, and traders should be ready for quick moves in either direction.

This CPI backdrop has appeared in recent coverage discussing Ethereum positioning as inflation data approaches, and it’s clear the macro picture is just as important as the charts right now.

What This Means for Ethereum Traders

The current setup leaves ETH balanced on a knife’s edge. Price is in a zone where reversal signals can emerge, but confirmation is still missing. That makes Ethereum sensitive to both technical triggers—like reclaiming the weekend high—and macro headlines tied to CPI-driven volatility.

For additional context on where liquidity and key zones may attract attention, and how the demand zone is holding up, those levels remain in focus as the market waits for clearer direction.

Bottom line: until Ethereum breaks above recent resistance or builds a more convincing impulsive structure, downside scenarios stay on the table. The CPI release could be the catalyst that tips the balance—one way or the other.

ETH7,26%
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