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Ethereum rebounds as inflation data cools, signaling potential bull market and $3,400 target.

Technical Signals
30 Sep 2026
FXEmpire
View Source
Bullish
Ethereum rebounds as inflation data cools, signaling potential bull market and $3,400 target.

Ethereum (ETH) recovered some losses after U.S. inflation data came in below expectations, reducing the likelihood of a Fed rate hike. Key metrics like the PCE Price Index showed inflation cooling, which boosted investor confidence in crypto assets. On-chain data and rising trading volumes suggest the start of a new Ethereum bull market, with historical patterns indicating a possible rise to $3,400 in the coming weeks. The upcoming Glamsterdam upgrade in late 2026 could further support this bullish trend.

Ethereum trades at Rp48.207.504 on Pluang as of Sep 30, 2026 21:02 WIB, showing a 1.57% decline in the last day. Despite the article's focus on a potential rise to $3,400, Pluang data reveals a cautious market with 37% of orders to sell and 63% to buy. The typical hold time of 106 days suggests investors are maintaining positions amid these inflation-driven market shifts.

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