Ethereum reached the $2,600 level on September 11 for the first time in seven months following the release of cooling US inflation data. The US core Consumer Price Index (CPI) hit its lowest level in over five years, acting as the primary driver for the price surge. Within 90 minutes of the announcement, an estimated $127 billion flooded back into the total crypto market capitalization. This breakout occurred alongside Bitcoin surging above the $79,000 mark.
