Ethereum Surges with Stocks and Gold Amid Inflation Data

Ethereum is experiencing a price surge, trading at $2,575.39 and up 5.7% over the past 24 hours.

This rally comes as stocks, Bitcoin, and gold all rise in response to inflation data that has pushed Fed rate hike odds to 85%.

The core Consumer Price Index (CPI), which excludes food and energy prices, came in at 2.4%, its lowest level in over five years.

This figure reflects cooling underlying inflation in shelter costs, a key driver of the CPI metric.