Ethereum Market: CPI Boost, Where Will the Price Go?

Recently, the Ethereum market has drawn attention, and the CPI data is crucial.

Last night's results met expectations and showed a mild decline, removing obstacles for a rate cut in December. The Federal Reserve may follow the spirit of the September meeting to cut rates and release liquidity, making a rate cut in December optimistic.

After the release of liquidity, Bitcoin will first rise to help Ethereum correct its exchange rate and is expected to break through $4000, with $4400 and $4800 also within reach.

As the leader of altcoins, Ethereum plays a dual role in the market.

When prices rise, it attracts capital, leading to differentiation in the altcoin market, with strong coins gaining momentum; if a tsunami of funds occurs, it will pull funds away from weak altcoins, causing their prices to collapse and making it difficult to reach new highs.

Today's market fear and greed index reached 83, indicating that the market is in a relatively optimistic state. Overall, December is full of opportunities for Ethereum, and market performance is worth looking forward to.