Ethereum Morning Trading Analysis

Last night's market showed the expected strong trend, with Ethereum rising nearly 200 points from a low, allowing traders on the right side of the trade to easily realize profits.

The core driver came from the US CPI data release. At 9:30, the data was bullish, causing Ethereum to quickly surge from 3120, break through 3200, and then inertia upward, directly surpassing the 3300 level and rushing toward the 3400 area. Most participants in this rally achieved good gains.

Entering today’s session, focus remains on the 3300 to 3400 range. A short-term support level can be set around 3360, with particular attention to whether the market can hold above 3400. Market liquidity is ample, and the technical outlook remains strong. Subsequent US economic data releases should be closely monitored, as such news often triggers intense volatility.