Ethereum climbed about 3% on August 12, rising from roughly $1,850 to above $1,900 after softer U.S. inflation data improved risk appetite across markets. The U.S. Consumer Price Index fell 0.4% on the month, annual inflation slowed to 3.5%, and core CPI was flat, prompting investors to scale back expectations for further Federal Reserve tightening. Market pricing for a September 2026 rate hike fell to 28% from 31% a day earlier, while October 2026 odds eased to 39.5%, helping support a broader rally in emerging-market assets and lifting Ether back above key moving averages, although resistance near $1,925 remains in focus.