U.S. CPI data is about to be released. The market originally had low expectations for this set of data, as non-farm payrolls have already released many forecasts. But at this critical moment, both ETH and BTC are at key levels, waiting to break through.

Earlier, a long position was entered at 3056, just hitting a local low point, currently with an unrealized profit of about 80 points. Whether this position can survive depends on whether it can break through the 3180 hurdle next.

If the market reacts strongly after the CPI is announced and ETH breaks through the 3180 resistance level, it will mean a complete trend reversal to the bullish side, and there will be a chance for big profits later. But if it just touches the level and then turns around, with the bears continuing to push down, things will get complicated. Once the bulls lose control, the support level below has retreated to around 2700.

This is tonight’s situation: whether the bulls can survive or not, whether big money can be made or not, the answer will be clear soon.