Ethereum Price Surges: What’s Driving Today’s ETH Rally?

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Ether price may rally toward $5,000 in December after breaking out of its cup-and-handle chart pattern.

Ethereum’s native token, Ether, has risen by more than 7.50% in the last 24 hours to reach around $3,940 on Dec. 12.

The jump occurred alongside Bitcoin’s return above the $100,000 level, driven by United States economic data hinting at a possible rate cut in December.

US inflation data boosts Ethereum price


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