Ethereum (ETH) has surged, jumping 42% over the past week and trading above $2,500, a level unseen since March, according to CryptoSlate.
This rally, one of the most significant in over a year, signals renewed investor confidence and puts ETH ahead of Bitcoin, which climbed 10% in the same period. On-chain data from Sentora shows that over 60% of Ethereum addresses are now in profit, nearly double the 32% recorded just a month prior.
Ethereum's recent Pectra upgrade last week introduced improvements across wallet functionality, validator performance, and Layer 2 support. Several traditional financial institutions, including BlackRock, are also deepening their use of Ethereum's infrastructure through real-world asset tokenization. Data from RWA.xyz indicates this sector has grown over 10% in the past 30 days, reaching a combined value of $22.1 billion, with Ethereum leading with $6.9 billion locked and controlling 58% of the market share.
A new trade agreement between the US and UK, and a temporary pause in US-China tariff escalations, have eased investor fears. According to CryptoSlate, these geopolitical developments support a broader risk-on mood in global markets, giving Ethereum further room to rise.
This article is based on our author's analysis of materials taken from the following resource: CryptoSlate.