{"id":43372,"date":"2025-09-11T11:36:02","date_gmt":"2025-09-11T11:36:02","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/11\/ethereum-price-forms-a-bullish-pennant-ahead-of-us-inflation-data\/"},"modified":"2025-09-11T11:36:02","modified_gmt":"2025-09-11T11:36:02","slug":"ethereum-price-forms-a-bullish-pennant-ahead-of-us-inflation-data","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/11\/ethereum-price-forms-a-bullish-pennant-ahead-of-us-inflation-data\/","title":{"rendered":"Ethereum price forms a bullish pennant ahead of US inflation data"},"content":{"rendered":"
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The Ethereum price held steady on Thursday morning as market participants waited for the upcoming US inflation data. ETH was trading at $4,400, a range it has been at in the past few days. This price is a few points below the year-to-date high of $4,945. So, will it rise or fall ahead of the US Inflation data?<\/p>\n

Ethereum price waits for US inflation data <\/h2>\n

ETH price remained in a tight range a few points below its all-time high as investors waited for the upcoming US inflation data.<\/p>\n

Economists polled by Reuters expect the data to show that the headline Consumer Price Index (CPI) continued to rise in August as the impact of Donald Trump’s tariffs continued.<\/p>\n

The average estimate is that the headline CPI rose from 2.7% in July to 2.9% in August, continuing a trend that has been happening in the past few months. They expect the CPI to rise from 0.2% to 0.3% on a MoM basis.<\/p>\n

Core inflation, which excludes the highly volatile food and energy prices, is expected to come in at 3.1% on a YoY basis and 0.3% on a MoM basis.<\/p>\n

However, inflation may not rise as expected in August. A report released on Wednesday showed that the headline Producer Price Index<\/a> (PPI) dropped from 3.1% in July to 2.6% in August, while the core PPI moved from 3.4% to 2.8%.<\/p>\n

US inflation numbers have an impact on Ethereum and other cryptocurrencies. A lower-than-expected figure means that the Federal Reserve may decide to cut interest rates by 0.50% next week.<\/p>\n

Such a move would boost risk assets as it would fuel a rotation from safe assets like bonds to cryptocurrencies and stocks. It would also lower the value of the US dollar index.<\/p>\n

ETH ETF inflows are continuing <\/h2>\n

Ethereum price is also rising as hopes of more demand rise. SoSoValue shows that the investors added $171 million in inflows on Wednesday, much higher than the $44 million it added a day earlier. These inflows are notable because the funds experienced outflows in the previous six consecutive days.<\/p>\n

Ethereum ETFs have had cumulative inflows of over $12.84 billion, with BlackRock\u2019s ETHA having the most of them at.$12.7 billion.<\/p>\n

Grayscale\u2019s ETHE had outflows of $4.58 billion, while Fidelity has had over 3.2 billion in inflows.<\/p>\n

Other parts of the Ethereum network are doing well, with data showing that the stablecoin supply<\/a> soared by 11% in the last 30 days to $157 billion, and the number of transactions rose to 22.7 million.<\/p>\n

Ethereum has also become a major player in the decentralized finance industry, where its assets have soared to over $202 billion.<\/p>\n

Ethereum price technical analysis <\/h2>\n
<\/figure>\n

ETH price chart | Source: TradingView<\/p>\n

The daily chart above shows that the Ethereum price was trading at $4,405 on Thursday, a few points below the all-time high of $4,944.<\/p>\n

Ethereum price remains above all moving averages, a sign that bulls remain in control for now. Most importantly, it has formed a bullish pennant pattern, which is characterized by a vertical line and a symmetrical triangle pattern.<\/p>\n

Therefore, the most likely ETH price forecast is where it soars and possibly hits the important resistance level at $5,000. A move above that price will point to more gains, potentially to $6,000.<\/p>\n

The post Ethereum price forms a bullish pennant ahead of US inflation data<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ethereum price held steady on Thursday morning as market participants waited for the upcoming US inflation data. ETH was trading at $4,400, a range it has been at in the past few days. This price is a few points below the year-to-date high of $4,945. So, will it rise or fall ahead of the <\/p>\n","protected":false},"author":1,"featured_media":43373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-43372","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=43372"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/43373"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=43372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=43372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=43372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}