Crypto: cautious rebound for Ethereum and altcoins after the American CPI

After the rain, the good weather. The day before, the four big altcoins plunged together as the American CPI approached. The scenario reversed on Friday, without turning into euphoria. Ethereum regained the $2,600 mark at the end of the session, while XRP, Solana and HYPE were content to stabilize their positions. A bounce, yes, but a cautious bounce, almost on tiptoe.

Ethereum catches its breath, ETF flows remain capricious

After underlying inflation slightly above expectations, the market initially shook before recovering. The price of Ethereum rose back above 2,600 dollars on Friday to return to around 2,560 at the time of writing these few lines.

He hadn't touched this level for several days. Except that the price rebound does not tell the whole story on the institutional side. Flows from spot Ethereum ETFs remained up and down this week: after returning to +$34.7 million on Wednesday, they returned to a net outflow of $29.9 million the next day. In short, nothing of a rush. Managers are groping forward, step by step, while waiting to see more clearly the Fed's trajectory.

The contrast is clear with the narrative circulating in recent days of a massive switch of flows to Ethereum. For now, reality looks more like a game of ping-pong between entries and exits, without clear direction. Ethereum does not suck up capital, it gets it back one day and gives it back the next.

XRP, Solana and HYPE: consolidation rather than a clear rebound

As for the other heavyweights, the atmosphere is one of pause rather than startle. XRP is moving around $1.36, Solana near $102.5 and HYPE around $80, levels which reflect consolidation more than a real trend reversal.

Nothing scary, but nothing exciting either for the rest of the altcoins. The market is still digesting Friday's CPI shock, while Bitcoin itself remains under pressure after the rapid erasure of its Golden Cross, this bullish technical cross that appeared in early September.