Ethereum Price Jumps 4.6% on Cooler US CPI Report

Ethereum's price surged 4.6% to $1,878 after a cooler-than-expected US Consumer Price Index (CPI) report sparked a $1.2 billion buying frenzy in Binance ETH futures.

The softer CPI data reduced pressure on rate-sensitive assets and eased rate hike expectations, shifting market behavior across Ethereum derivatives markets.

CryptoQuant reported that buying activity increased sharply after the inflation data was released, with the strongest flow appearing on Binance during the first hour after the announcement.