[Ethereum Price Forecast and US CPI Data Release]
On August 14, the United States will release the monthly Consumer Price Index (CPI), which is an important economic indicator affecting global financial markets, including the cryptocurrency market. Ethereum (ETH), the second largest cryptocurrency after Bitcoin, has recently become the focus again as traditional financial institutions such as BlackRock have begun to pay attention to ETH spot ETFs. Therefore, the release of CPI data may have an impact on its short-term price movements.
As of now, ETH is trading at $2,660, with an annual growth rate of 44.31%. However, as CPI release week begins, Ethereum is down 1.32% in the past 24 hours.
In terms of mid-term forecasts, Finbold reports that Ethereum could trade between $6,500 and $8,000 in 2025. This prediction is based on increased institutional interest and ecosystem growth.
In the short term, three AI models predicted ETH, taking into account three scenarios: if the CPI data is in line with market expectations, the price may rise by 1% to 3%, reaching $2,750; if the CPI is lower than expected, the price may be pushed to 2,700 to $3,000; but if CPI is higher than expected, the price may fall below $2,500.
Generally speaking, the Federal Reserve uses CPI data as an important indicator in determining interest rates. If the CPI data is positive, it may prompt investors to begin anticipating a reduction in interest rates, which will in turn affect the flow of funds in risky assets such as Ethereum.
