Ethereum (ETH) rallied more than 5% over the last 24 hours, climbing above $1,850 after weaker-than-expected US inflation data fueled optimism across financial markets. The broader cryptocurrency market also advanced as investors welcomed signs of easing inflation, increasing expectations that the Federal Reserve could adopt a less restrictive monetary policy in the coming months. Softer inflation strengthens risk appetite The latest US Consumer Price Index (CPI) report showed annual inflation slowed to 3.5%, below economists’ expectations of 3.8%. Monthly inflation also declined by 0.4%, marking the sharpest monthly drop since May 2020. Meanwhile, core CPI, which excludes food and energy prices, eased to 2.6%, beating forecasts of 2.8%.
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