Ethereum Soars 50% in a Week, Reigniting Enthusiasm in the Crypto Market

Ethereum (ETH) surprises with an autonomous flight, rising 50% in one week. The crypto benefits from a more favorable macroeconomic environment

The crypto market continues to heat up, with surprising figures emerging in recent days. While Pectra failed to deliver the expected push for ETH, the cryptocurrency has nonetheless soared by 50% in just one week. This stellar performance comes in an environment of returning risk appetite, with macroeconomic news also playing in favor of digital assets.

With U.S. inflation slowing and the possibility of rate cuts now being discussed, the stage was set for a massive return of funds to the market. This is especially true after several months of waiting and anticipation for a change in trend.

This dynamic has also been unfolding in a context where crypto performance is outpacing the broader market. While the U.S. stock market is showing signs of fatigue after a strong start to the year, cryptocurrencies have managed to maintain their momentum.

This is particularly true for Ethereum, which has outperformed other major cryptos in the last week with a 50% surge. In comparison, Bitcoin experienced a 20% increase, while BNB and XRP saw gains of 30% and 40%, respectively.

This movement is also fueled by U.S. inflation figures: a CPI increase of only 0.2% in April, renewing hope for a Fed rate cut. Moreover, it reflects a strategic repositioning by investors toward undervalued altcoins.

The strength of the rebound, coupled with renewed institutional interest, heralds a new phase of accumulation. The crypto market regains its colors, but Ethereum asserts itself as the catalyst of this collective awakening.

Is Peter Brandt’s prophecy for ETH coming true?

This scenario receives unexpected support from Raoul Pal, former Goldman Sachs executive, who speaks of a fundamental cycle reversal for cryptos. With a 50% gain in a few days, Ethereum seems to be validating these predictions.

Breaking key technical resistances could propel the crypto to this symbolic threshold. But caution: this rise comes with structural volatility. Prudence remains key, even if prospects open again to a clearer sky.

However, this ascent also brings to mind a question: will Ethereum manage to escape the grim fate predicted by Charles Hoskinson? The Cardano founder claims that Ethereum will cease to exist in 15 years. The battle is far from won for the world’s second-largest crypto.