The Volatility Shares Trust 2x Ether ETF (ETHU) closed on January 15th at $7.93, marking a 13.29% increase, as Ethereum's price surged by 6.73% to $3,440.73. This upward movement in Ethereum is largely driven by a favorable macroeconomic environment, highlighted by the release of lower-than-expected Consumer Price Index (CPI) data, which has spurred a risk-on sentiment among investors. The CPI report has increased the likelihood of continued interest rate cuts, weakening the U.S. dollar and enhancing the appeal of cryptocurrencies. Additionally, Ethereum ETFs have reversed a four-day outflow streak, recording a modest inflow of $1.2 million, signaling a cautious return of institutional interest. Despite challenges such as increased staking withdrawals, the market's positive reaction to the CPI data has significantly boosted Ethereum's price.