Ethereum

The softer June CPI print (–0.4% MoM) has bought ETH a tactical reprieve from rate-hike fears, but the $1,900–$1,920 resistance zone must be decisively reclaimed before the bull case gains real credibility.

ETH at $1,860 is consolidating below the key $1,900 round-number resistance after a CPI-driven 6% spike mid-week, with the 50-day EMA near $1,804 now acting as near-term support — directional conviction remains limited pending a clean breakout or breakdown.

Main Risk

US–Iran Military Escalation

With the U.S. military conducting strikes on Iranian targets for a fourth consecutive day, a broader Middle East conflict could spike energy costs and reignite inflation expectations, threatening the Fed-easing narrative that drove this week's crypto rally.