🟢 EETH.XA is trading 5.7% up today on softer CPI and improving crypto sentiment

EETH.XA is trading 5.7% up today as Ethereum rallies following a softer-than-expected June CPI report, which has improved risk sentiment across digital asset markets.

• Ethereum recorded a strong 24-hour gain of +6.21%, driving the upward move in the Global X 21Shares Ethereum ETF.
• The cooling inflation data has increased expectations that the Federal Reserve can remain patient on rates, providing support for broader risk assets.
• Improving sentiment in the cryptocurrency sector continues to bolster demand for Ethereum-linked investment products.