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Unless you live under a rock, you will know that the price of Ethereum has risen, surpassing key resistance levels. This movement has been driven by an unexpected economic shift in the United States, which has changed market sentiment.
For weeks, the price of Ethereum has been down, however, recent movements point to a possible trend change. The cryptocurrency managed to break the $2,000 barrier, generating an increase in buying pressure and renewed optimism among investors. Ether has even managed to outperform Bitcoin and the cryptocurrency market in general with a 15% rise, as Cointelegraph tells us.
Who is behind this movement?
The recent rise of Ethereum is not a coincidence but rather a combination of factors. According to TradingView, the market is reacting to new economic data from the United States. This data suggests weaker growth and reinforces expectations of interest rate cuts by the Federal Reserve. This macroeconomic environment increases investors’ adoption of risk assets, in this case, cryptocurrencies.
At the same time, Ethereum’s momentum was strengthened by the U.S. Securities and Exchange Commission (SEC) officially approving options on spot Ethereum ETFs. This approval allows investors to trade derivative contracts based on ETH ETFs, expanding market access and increasing institutional demand.
The SEC announcement is undoubtedly a decisive step towards greater adoption of Ethereum in traditional markets, which has sparked interest from large funds and professional operators.
CoinGlass shows how open interest in Ethereum futures has soared to multi-month highs, reflecting a strong influx of speculative capital.
The combination of macroeconomic factors and positive expectations around the ETF have driven this strong Ethereum rally.
When and where has the impact of the rally been reflected?
Ethereum’s strong momentum began to take its first strokes in mid-April 2025, after the FED’s references to macroeconomic data in the United States showing weaker-than-expected GDP growth. Added to this is the official announcement of the approval of options on Ethereum ETFs by the SEC. This event has created a domino effect throughout the crypto ecosystem.
The impact has been directly reflected in prices. As we mentioned earlier, Ethereum managed to break the psychological barrier of $2,000 and register a 15% rise in a matter of days, even outperforming Bitcoin in performance during this period. Cointelegraph also highlights this. There is also a notable increase in trading volume and open interest on derivatives platforms, where Ethereum has reached peak levels not seen in several months.
The most striking thing is that this rally has not been limited only to the price, it has also boosted optimism in layer 2 projects, scalability solutions and other assets related to the Ethereum ecosystem.
Why is this movement significant?
The recent Ethereum rally represents a clear price recovery. The approval of options on Ethereum ETFs by the SEC gives users regulatory backing that could attract greater institutional participation in the Ethereum ecosystem. This movement suggests a growing acceptance of Ethereum in traditional financial markets, which could increase its adoption and valuation in the long run.
This is not just an opinion. Many technical and on-chain indicators support this momentum. The relative strength index (RSI) has surpassed the neutral level of 50, indicating an increase in bullish momentum, as CNN indicates in this article. At the same time, Ethereum’s “Hot Capital,” which measures active capital in the market, increased significantly, reaching $4.34 billion on April 28, according to Glassnode data. This increase boosts investor confidence and overall liquidity in the ETH market.
How is this rally interpreted in the current context?
In the current macroeconomic context, and in view of the Federal Reserve’s expectations of interest rate cuts, risk assets such as cryptocurrencies are gaining ground. Ethereum, in particular, benefits from this trend, as investors seek alternatives with potential in a lower rate environment.
The increase in network activity and institutional interest may suggest that Ethereum is entering a phase of greater utility and adoption. This adoption goes beyond mere speculation. It indicates that Ethereum is being valued for its functionality in decentralized applications and smart contracts. This change in focus could establish Ethereum as a key element in the digital financial infrastructure.
