Ethereum surged past $2,600 to a multi-month high following favorable U.S. CPI data, triggering $215 million in short liquidations.

Bitcoin rebounds to $79,000 after CPI data lifts September rate hike odds above 80%, with traders watching $80,000 for a breakout.

Ethereum (CRYPTO: ETH) on Friday tapped $2,600 for the first time in seven months after core CPI hit its lowest level in over five years. What Drove the Move Widely-followed…