Advertise
Why Is Ethereum Price Going Up Today?
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Ethereum is trading at $2,575.39, up 5.7% over 24 hours, as stocks, Bitcoin and gold all rally on the same inflation data that simultaneously pushed Fed rate hike odds to 85%. Core CPI, which strips out food and energy, came in at 2.4%, its lowest in over five years, reflecting cooling underlying inflation in shelter, services and everyday goods. Headline CPI held at 3.4%, propped up almost entirely by oil prices spiking due to the Iran war, a supply shock rather than a sign of broader demand-driven inflation returning. Risk assets rallied on the improving yearly trend, betting the Fed has room to hold or cut rates. But rate markets disagree, reacting to a hot monthly “supercore” services reading, up 0.3% versus 0.2% expected, which excludes both energy and shelter and points to genuine demand pressure. B
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
