What happened?
Ethereum bounced back above $4,000 after hitting a key trend line and its 200-day EMA, and the price rose about 3%. Trading volumes spiked 42% to roughly $36 billion in 24 hours, even though ETH-linked ETFs had a modest $312 million net outflow. Investors have been buying dips as attention builds ahead of U.S. inflation data that could move markets next week.
Who does this affect?
Short-term traders and long-term crypto holders both feel the impact from higher volumes and clearer bullish momentum, while ETF investors are watching fund flows closely. Early-stage Ethereum projects and presales, like Pepenode, could see extra demand as renewed ETH optimism draws attention to the ecosystem. Macro-sensitive investors and anyone with exposure to rate-sensitive assets also care, since upcoming inflation and Fed decisions could swing sentiment quickly.
Why does this matter?
A sustained push above $4,000 with rising volume suggests a potential run toward $4,900–$5,000 and even a new all-time high if momentum holds. Increased trading activity boosts liquidity, making it easier for big buyers to move in and often lifting smaller ecosystem tokens along the way. If U.S. inflation comes in cooler than expected and the Fed hints at easing, risk-on flows could accelerate and amplify gains across the crypto market.