The crypto market is experiencing mixed signals as it prepares for a potentially eventful weekend. The CPI data reached 2.7% as expected, but the PPI at 0.4% raised eyebrows. Producer price pressures may be causing instability, but the European Central Bank’s 0.25% rate cut could help. The U.S. Dollar Index closed strong at 107, which may keep crypto inflows in check.
Extreme greed in the market has resurfaced, but the altcoin rally fizzled and never fully confirmed an altseason. Ethereum remains in a critical consolidation pattern, and its performance against Bitcoin reflects broader altcoin momentum. A breakout above key resistance levels could mark the return of a full-fledged altcoin season.
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<p>The post Ethereum’s Resilience and Altcoin Recovery: Navigating the Crypto Landscape first appeared on CoinBuzzFeed.</p>
