Ethereum Gains On Spot ETF Inflow, Cooling US Inflation Data
Ethereum (ETH) price increased by 2% to $1,890. 89 on Wednesday, outperforming a flat Bitcoin, primarily driven by a supportive macro catalyst from cooler U. S. inflation data. Softer-than-expected U. S. . . .
Ethereum (ETH) price increased by 2% to $1,890. 89 on Wednesday, outperforming a flat Bitcoin, primarily driven by a supportive macro catalyst from cooler U. S. inflation data. Softer-than-expected U. S. inflation data improved risk appetite, providing a tailwind for Ethereum to reclaim the $1,900 level. Ethereum’s rebound from $1,850 coincided with the release of U. S. Consumer Price Index (CPI) data for July 2026, which met forecasts at 3. 4% year-over-year, showing a cooling trend from June’s 3. 5%. This softer inflation print reduced fears of aggressive Federal Reserve rate hikes, boosting demand for risk assets like ETH. The move was primarily a macro-driven reaction, not a coin-specific event. Ethereum acted as a rates-sensitive asset. Concurrently, Ethereum’s network saw its highest daily active address count (989,500) since March, signaling revived user activity. A whale also withdrew 50,000 ETH (~$93. 6M) from Binance to stake, reducing exchange supply. Technically, ETH is testing key resistance at $1,925, with the 7-day RSI at a neutral 45. 99, allowing room for a breakout. Crypto analysts said strong fundamentals and accumulation provided a supportive base for the price bounce. The immediate path hinges on the $1,875–$1,925 range. A successful breakout above $1,925, fueled by continued positive ETF flows, could open a path toward $2,000 and the 200-day SMA near $1,898. The key risk is a rejection at resistance, which would expose the support zone near $1,850 and weaken the recovery structure. The bias is cautiously bullish within the current range, but a clear directional move requires a break of the established boundaries. Ethereum’s reaction at the $1,925 resistance and spot ETF flow data in the next 24–48 hours. Ethereum’s gain was fueled by a favourable macro shift, amplified by solid on-chain activity. The price is now at a critical technical juncture. Key watch: Whether ETH can achieve a decisive daily close above $1,925 to confirm the breakout and attract further momentum buying. BEAT Price Sinks 58% as Investors Take Profit after Strong RallyJulius AlagbeJulius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting. He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa. Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions. He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape. His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses. Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa. Julius Alagbe is based in Lagos, Nigeria.