Ethereum Price May Soar as US Inflation Cools

Ethereum's price may surge by over 50% in a matter of days, according to Van de Poppe. This prediction is based on historical data showing that Ethereum has rallied roughly 60% within less than a week after escaping a similar consolidation range.

A comparable scenario occurred in 2023, with prices increasing rapidly after breaking free from a consolidation area. Van de Poppe pointed out that this pattern could repeat 'in a matter of days/weeks'.

If Ethereum reaches Van de Poppe's target price of $3,000, it would represent gains of approximately 57% from the current price. This potential increase in value is attributed to cooling US inflation rates, which have eased concerns about an increasingly hawkish Federal Reserve policy stance.