Ether Hits Two-Month High Ahead of US CPI; Market Breadth Remains Weak

Ethereum’s native token ether (ETH) rallied to a two-month high on Thursday, shrugging off the cautious tone in the U.S. stock futures.

The second-largest cryptocurrency rose nearly 1% to $1,415, the highest since Nov. 8, taking the month-to-date gain to over 17%, CoinDesk data show. Per observers, Ethereum’s impending Shanghai upgrade has been driving ether higher. Market leader bitcoin (BTC) topped $18,000, reaching a four-week high.

Whereas, the futures tied to the S&P 500 traded…


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