Ethereum is having a good week. The altcoin climbed more than 5% after the latest US inflation report came in cooler than expected. At the time of writing, the altcoin trades around $1,881, u
Ethereum is having a good week. The altcoin climbed more than 5% after the latest US inflation report came in cooler than expected.
At the time of writing, the altcoin trades around $1,881, up 5.53% on the day. The move followed a soft consumer price index (CPI) print released on July 15.
Trading volume tells the story too. Ethereum futures volume jumped 36.88% to $46.01 billion in the past 24 hours. Open interest rose 10.07% to $27.01 billion.
The short answer: the Fed just became less scary.
According to FedWatch, markets had priced in a 46.5% chance of a rate hike at the Federal Open Market Committee's July 29 meeting before the CPI release.
Headline CPI fell 0.4% from the prior month. Core CPI stayed flat. Both numbers missed expectations for hotter inflation.
After the data dropped, the odds of a rate hike fell to just 16.6%. The chance of no change now sits at 83.4%, based on data from the Fed meeting probability chart.
Traders moved fast. Long positions built up quickly in futures, based on the sharp Long/Short ratio of 1.4913 on Binance and 1.04 on OKX.
The rekt data backs this up. In just the past 24 hours, short sellers lost $115.69 million, far more than the $11.41 million lost by longs.
Chart watcher Ali Charts flagged a bullish signal on Ethereum's SuperTrend indicator on the 3-day chart. Historically, this has mattered.
The last two SuperTrend buy signals led to rallies of 72.33% and 177.19%, according to the chart shared on X. ETH is currently sitting near a fresh buy zone around $1,879.
On the weekly chart, ETH is still down 61.20% from its recent high, even after the week's 52.62% swing higher. That shows how choppy the past few months have been for Ethereum price action.
Eric Trump also commented on the ETH rally this week, calling the move a sign that "crypto is the future." His post came alongside a chart showing the altcoin bouncing from the $1,700 zone.
Institutional holding is also shaping the Ethereum story. BitMine Immersion Technologies posted revenue of $46.5 million for the three months ended May 31, a 22x jump from a year earlier.
Staking made up about 98% of that revenue, reaching $45.7 million versus zero a year ago.
BitMine Metric
Figure
ETH held (as of July 12)
5.77 million (~$10.5B)
ETH staked via MAVAN
4.9 million (85% of holdings)
Share of total ETH supply
4.8%
Projected annualized staking revenue
$242 million
7-day staking yield (annualized)
2.70%
Nine-month net loss
$9.1 billion (mostly non-cash markdown)
Operating loss (3 months)
$11.9 million
The company's massive nine-month loss came almost entirely from a $9.04 billion unrealized markdown on its ETH holdings, tied to price swings rather than day-to-day operations.
Tom Lee noted that annualized staking revenue is now projected near $242 million.
One study found staking made up 60% of disclosed revenue across listed E
H treasury firms in 2025. This suggests staking income, not price speculation, is becoming the backbone of corporate ETH strategy.
Ethereum's next move likely depends on two things: Fed policy follow-through and whether the SuperTrend signal holds.
If the Fed skips a hike on July 29 as markets now expect, that could keep risk appetite alive for Ethereum and other cryptos. A confirmed SuperTrend buy signal has preceded big rallies before, but past performance offers no guarantee of a repeat.
On the downside, the altcoin remains far below its yearly highs, and rate expectations can shift quickly if new inflation data surprises to the upside.
Nothing here is financial advice. Anyone trading Ethereum should watch the July 29 FOMC meeting closely, along with derivatives data for signs of overheating.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk. Always do your own research and consult a licensed financial advisor before making investment decisions.
