Ethereum jumps up by 2% as the US Commerce Department released PCE data

According to Gate.io News, the price of Ethereum is up after the US released the PCE for the month of November compared to the month of October.

ETH/USDT is currently trading at $1,219 and up by 2.79% in the last 24 hours as seen on data obtained from the Gate.io trading platform with and inflow of $62.83M.The US Personal Consumption Expenditures Price Index (PCE) rose by 4.7% from a year earlier and by 0.1% from October in November and this has contribute to the increase in price of Ethereum.