[Blockchain News] On September 21, the price of Ethereum (ETH) soared 11.7% between September 17 and 19 to a three-week high of $2,572. This upward trend coincides with the rise in the open interest of Ethereum futures, which has jumped to a 20-month high, showing strong market demand for ETH.

Although lower interest rates are conducive to ETH's bullish momentum, US economic risks still need to be paid attention to. The recent rise in ETH prices echoes the overall rise of 8.3% in the cryptocurrency market, mainly benefiting from US interest rate cuts and strong labor market data. This positive momentum also pushed the S&P 500 index to a record high on September 19, further boosting market confidence.