#Will ETH follow Bitcoin price trajectory upon its ETF trading available?

Markets Focus on Fed’s Preferred Gauge PCE Inflation
Traders are now focusing on the PCE and core PCE inflation figures, the U.S. Federal Reserve’s preferred gauge to measure inflation. The U.S. Bureau of Economic Analysis to release key inflation data as that could determine market direction for weeks.

Wall Street expects PCE inflation to come in lower than expected figures. The market estimates annual PCE inflation to come at the same level of 2.7% as last month. Meanwhile, the month-over-month PCE inflation is also expected at 0.3%, similar to the previous month.

On the other hand, annual and monthly core PCE inflation to remain at the same level of 2.8% and 0.3%, as per market estimates. While stagnant actual PCE inflation figures will be positive for the markets, hinting at cooling inflation, Wall Street banks predict an inflation pivot for market rally.

#BTC
#Eth Etfs Has Been Approved