The cryptocurrency<\/a><\/strong> market has reacted positively to the latest U.S. inflation<\/strong> report, offering Ethereum<\/a><\/strong> a much-needed boost after several weeks of consolidation. The 4% surge in 24 hours<\/strong> is accompanied by a sharp increase in trading volumes, up 42%<\/strong>. These volumes now represent 10% of ETH’s total market capitalization<\/strong>, a notable signal of buying pressure.<\/p>\n\n\n\n Trader Ted Pillows<\/strong>, followed by more than 250,000 users on X<\/strong>, has identified a key support zone between $2,700 and $2,800<\/strong>. As long as this area holds, he anticipates a bullish move toward $3,100 to $3,200<\/strong>. Conversely, a breakdown would expose a return to $2,500<\/strong>, a scenario that bulls<\/strong> are eager to avoid.<\/p>\n\n\n\n The fear and greed index shows a score of 21<\/strong>, indicating extreme fear in the market<\/strong>. Historically, this type of pessimism often acts as a contrarian signal. Phases of excessive capitulation frequently precede technical bounces, especially when fundamentals remain solid<\/strong>.<\/p>\n\n\n\n