Ethereum Price Prediction: U.S. Inflation Data Could Trigger ETH’s Next Big Move

Ethereum (ETH) has booked a 2% loss in the past 7 days but the $2,000 floor has held up quite well lately, as the market keeps struggling to find direction.

Net inflows to exchange-traded funds (ETFs) linked to Ethereum have been weak compared to Bitcoin, as investors have focused on quality assets during this period of geopolitical turmoil.

The top altcoin bounced off the $1,900 level during the weekend, and managed to rally near $2,100 in the past few days.

Trading volumes continue to be high at $20 billion, accounting for nearly 8% of the asset’s circulating market cap, which implies that buying interest remains strong.

Traders are waiting for the release of February’s U.S. inflation report later today, as any significant divergence from the market’s consensus estimate of 2.4% could trigger the next big move for cryptos as a whole.

Paired with the release of the PCE Price Index by the end of the week, this is a data-heavy week that should get things moving.

Buyers Could Step In as Negative Funding Rates Persist

Meanwhile, Ethereum’s daily funding rates have been negative for six days in a row despite the latest recovery.

Data from Santiment shows that negative funding rates hit their lowest print since February 1, back when ETH dipped from around $2,200 to $1,800.

In previous instances, when negative funding rates have persisted for a while, the price of ETH has recovered strongly as this attracts buyers to open long positions on the token to collect interest payments.

Back in June 2025, the price hit a temporary floor at around $2,200 and then rallied to $4,600 two months later. Meanwhile, in April 2025, the price recovered from $1,400 to $2,500 in just a few months as well after funding rates were negative for a while.

ETH Finds Temporary Floor at $1,800

As we highlighted in a previous Ethereum price prediction, we are tracking how a historical pattern in the Relative Strength Index (RSI) unfolds over the next few weeks.

The weekly chart shows that the last two times that ETH’s RSI dipped below 30, the price started to recover and rallied toward previous highs or reached new records a few months after.

In all of these instances, the price plateaued above a certain level and even retested that mark multiple times. We believe that the $1,800 area is potentially that key level to watch during this bearish cycle.

Hence, any dip to that demand zone at this point could be considered a buying opportunity and that’s how the market seems to be acting as the price has bounced multiple times off that level.

If that’s the case, we could expect a rally toward $4,000 over the next few months. The only thing missing right now, is a positive catalyst that pushes ETH out of consolidation.