Author: cryptotredin

Ethereum is gaining momentum after bouncing off the key $4,089–$4,283 zone. Analysts predict a potential surge to $7,500, with some even eyeing $11,000 if current trends continue. Discover the factors that could make this rally unique and why traders are calling ETH’s setup the “perfect storm.”

US Inflation Accelerates to 2.9% in August
Consumer prices in the US rose 2.9% year-on-year in August, up from 2.7% in July, as costs for cars, groceries, and household items increased. The Federal Reserve is set to meet next week to decide on interest rates, with analysts expecting a 0.25% cut. Rising inflation and weaker job growth may influence the Fed’s move.

Global commodity markets are facing sharp shifts as the IEA forecasts a record oil surplus next year, while nickel prices surge amid supply disruptions in Indonesia. At the same time, Brazil’s agriculture sector posts record grain harvests, reshaping trade flows.