Reported about 10 hours ago
Ethereum (ETH-USD) achieved a record high over the weekend before experiencing a pullback. It has surged 90% in the last two months, outperforming Bitcoin, which rose 19% year-to-date. The recent rally is attributed to a dovish Fed speech, lower dollar value, and increased global liquidity, with an optimistic outlook from analysts on its sustainability. Additionally, the recent passing of the Genius Act has positively influenced stablecoins and crypto-adjacent companies like Coinbase, further driving the market.
Source: YAHOO