Bitcoin Hits $79,000, ETH Surges to $2,600 on Hot Inflation Print: What Is Going On?

ETH Price Surges Past $2,600 as CPI Data Triggers Squeeze

ETH breached $2,663 (+6.5% in <1h) on Sept. 11 triggered by favorable CPI, liquidating $215M in shorts and cutting YTD losses to 15%. The move signals potential ETH season rotation, targeting $2,800–$2,950 if $2,500 support holds.