Ethereum Surges Past $4,400 as Inflation Meets Forecasts — What It Means for the Crypto Market

Ethereum hit a significant milestone on Tuesday, surpassing $4,400 and reaching its highest level since 2021. This surge was driven by a favorable inflation report in the US that aligned with expectations. The CPI data bolstered risk-on sentiment across various assets, including Bitcoin, Ether, and altcoins. Experts believe ETH could potentially break through its all-time high of $4,878 if macro trends and ETF demand remain supportive.