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Ether Rockets Toward $3K as U.S.–China Trade Truce and Tame CPI Fuel Crypto Rally

Ether Rockets Toward $3K as U.S.–China Trade Truce and Tame CPI Fuel Crypto Rally

Author:
CoindeskEN
Published:
2025-06-11 16:32:31
16
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Ether Surges Toward $3K on Tentative U.S.–China Trade Pact and Soft U.S. CPI Report

Ethereum''s native token is staging a bull run for the history books—and Wall Street''s macro winds just handed it jet fuel.


Trade War Detente Meets Dovish Data

A tentative U.S.–China trade agreement and softer-than-expected CPI numbers have crypto traders piling into ETH. The dual catalysts are crushing dollar strength while reviving risk appetite—perfect conditions for altcoins to explode.


$3K in Sight

With ETH already up 25% this month, the $3,000 psychological barrier looks increasingly flimsy. Options markets show traders are betting big on a breakout, though shorts are lurking like vultures waiting for the next ''macro uncertainty'' headline.

Funny how ''uncertainty'' always seems to strike right when hedge funds need to cover their bad bets.

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