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This trendline previously served as a launchpad for Ethereum’s 2020-2021 bull run, where ETH skyrocketed from $110 to nearly $5,000. If history repeats, Ethereum could be setting up for another exponential move toward $6,000-$10,000 in this cycle.
Cooling Inflation Boost Rate Cut Odds for June
The latest U.S. Consumer Price Index (CPI) report showed that inflation slowed to 2.8% in February, down from 3% in January. This marks the slowest increase in four months, signaling that the Federal Reserve’s monetary tightening may be having the desired effect.
However, core CPI, which excludes food and energy prices, also rose 0.2% month-over-month, keeping pressure on the Fed to assess the full impact of inflation before adjusting interest rates.
The Federal Reserve’s benchmark interest rate remains between 4.25% and 4.50%, and rate cuts are expected later this year.
According to CME FedWatch Tool, traders in the interest-rate futures market are pricing in a 57.3% probability of a quarter-point rate cut by June 2025, with at least three cuts expected by the end of the year.
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