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Ethereum price breaks $1,850, eyes $2,000 after softer US inflation data sparks crypto rally.

Technical Signals
15 Jul 2026
Crypto news
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Bullish
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Ethereum surged nearly 5% past the $1,850 resistance following softer-than-expected US inflation data, which eased fears of aggressive Federal Reserve rate hikes. This triggered a short squeeze, wiping out leveraged short positions and pushing the price toward $1,900, with $2,000 now a key target. Technical indicators and liquidation clusters support continued bullish momentum, provided Ethereum holds above $1,850. However, resistance near $1,900-$1,950 and macroeconomic risks could challenge further gains.

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