Ethereum Breaks Through $4,800 Barrier as Inflation Data Fuels Market Surge

Ethereum is surging towards a new all-time high, breaking through the $4,800 mark as positive macroeconomic trends drive ETF inflows and investor confidence. U.S. inflation data fueled the rally, with the Consumer Price Index (CPI) climbing 2.7% in July compared to expectations of 2.8%. This further increased the likelihood of a September Federal Reserve rate cut, making riskier assets like cryptocurrencies more appealing.