Ethereum (ETH) Price: ETH Breaks $1,800 as U.S. Inflation Cools — Is $2,400 Next?

Ethereum broke above $1,800 as US June CPI came in at 3.5%, below analyst expectations, boosting crypto markets. ETH jumped over 5% in 24 hours. Nearly $300 million in short positions were liquidated, with ETH accounting for over a third. Analyst Ali Charts notes the SuperTrend indicator has turned bullish on ETH.