ETH Nears $3K on Cooler CPI; $553M ETF Outflows Cap Gains
Ether climbed back toward $3,000 as U.S. equities reacted positively to a cooler-than-expected CPI print, easing near-term inflation concerns and trimming some rate-hike pressure. The risk-on shift lifted broader market sentiment and helped ETH recover earlier losses, signaling renewed appetite for higher-beta assets in the wake of softer inflation data.
Still, flows paint a more cautious picture: spot ETH ETFs recorded about $553 million in outflows this week, a significant drawdown that may cap momentum and raise short-term volatility if it persists. That divergence — macro-driven optimism versus capital withdrawals from ETFs — means further upside could be contingent on a return of ETF inflows or stronger on-chain demand; traders will be watching daily flows and upcoming economic cues to judge whether this is a sustainable rally or a temporary rebound.