At 11 PM tonight, a wave of major economic data is coming! Core PCE Price Index, inflation expectations, personal spending, consumer confidence... these are indicators that can make the crypto market tremble. The results will be revealed soon. Will Ethereum soar to 3660 or drop back to 2740? Let’s break it down!

**Fundamental Analysis**

At 11 PM tonight, two heavyweight data releases: the annual Core PCE Price Index for September and the preliminary one-year inflation expectation for December. These two figures will directly influence the Fed's decision at next week’s interest rate meeting. Any fluctuation could stir up global capital flows.

Wednesday’s ADP employment data already sent some positive signals, and market sentiment is in a sensitive phase. For crypto, this is more than just a macroeconomic number—every tremor in traditional finance gets transmitted to on-chain funds, with mainstream coins like Ethereum bearing the brunt. Now it’s all about tonight’s data—will it ignite the market or put out the fire?

**Technical Analysis**

Looking at ETH’s four-hour chart, the price is still climbing. It’s currently at 3135, having just stabilized above the 3120 mark—like pausing for breath halfway up a mountain.

Looking up, 3370 is the first hurdle; only after breaking this can we talk about the 3660 ceiling. But here’s the problem: while the MACD has formed a golden cross, the trading volume hasn’t followed, and the RSI is hovering around 50—it’s like the engine is running but the gas tank is almost empty, a bit shaky.

Support is at 2740, a major bottom. The key now is whether ETH can break through 3370: if not, it might fall back to seek support near 2980; if it does, then 3660 becomes possible.

Retail investors, manage your positions before tonight’s data comes out—don’t go all in! Market volatility could be very intense.