Ethereum market recovery is strong and attracts attention

In the past 2 days, Yitai has risen by 8% to its highest point since May 2024 and is currently trading at $3,614, up 79% from the past year.

Ethereum's role in market recovery

After the recent decline of Bitcoin, Yitai has caught up and regained its market dominance. The ETH/BTC trading pair has risen by more than 10% in the past five days, showing a shift in market sentiment and renewed interest in altcoins.

Drivers of Ethereum's recovery

The US government's cryptocurrency-friendly policies, the improvement of the ETH/BTC ratio, and the increased interest of institutional investors in Ethereum ETFs are all key drivers.

After Bitcoin's decline, Ethereum rebounded, and there are increasingly obvious signs of market funds flowing to ETH and altcoins.

Projects such as Chainlink, Sui, Avax, and Toncoin are also experiencing price increases, and projects with a market value of more than $500 million have achieved significant gains.

Institutional investors' increased acceptance of Ethereum's positioning as the "world computer" and their growing interest in spot ETH ETFs mean that Ethereum has a promising future.

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