Real-time market: Volatile rebound, testing the $2,300 level



As of April 12, Ethereum price is about $2,233, up 2.55% in 24 hours, with a market cap of approximately $269.5 billion, and 24-hour trading volume of about $15.4 billion. This week, ETH became one of the biggest beneficiaries of the US-Iran ceasefire, soaring from $2,050 to over $2,250.

Macroe outlook: Expectations of ceasefire boost, delayed rate cuts suppress

The expectation of a ceasefire in the Middle East has increased risk appetite, causing Ethereum and Bitcoin to rebound in sync. But after the ceasefire breaks down, macro uncertainties rise again. March US CPI data shows persistent inflation, and the Fed’s delay in rate cuts continues to exert downward pressure on Ethereum, which is sensitive to interest rates.

US factors: Regulatory clarity, ETF funds shifting to net inflows#GateSquareAprilPostingChallenge
ETH-3,97%
BTC-2,97%
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