Ether, the world’s second-largest cryptocurrency by market value, posted its best week since 2021, climbing almost 30% as relaxing global trade tensions fueled renewed interest in digital assets. The jump represents a big turnaround for the token, which has been pressured for most of the last year.
The rally follows more general optimism on crypto markets, with investors encouraged by better U.S.-China trade negotiations and evidence of regulatory clarity in the most important jurisdictions. Analysts indicate that the change in macroeconomic attitude is likely to offer a more secure setting for digital asset investment in the future.
Even with this strong comeback, Ether is down about 50% from its record high of about \$4,900, set in November 2021. The recent rally is bringing speculation that a new bull cycle is in development, particularly with increasing institutional support and near-future Ethereum network upgrades.
Market observers are watching closely for future economic data and central bank cues, which may decide if Ether’s rally will continue. For the moment, however, the crypto universe is toasting what many perceive as a long-awaited revival of one of its blue-chip assets.
