Ethereum Market Shows Strong Recovery Momentum, Attracting Attention

In the past 24 hours, Ethereum has risen by 8%, reaching its highest point since May 2024, with the current trading price at $3614, a 79% increase from last year.

The Role of Ethereum in Market Recovery

After Bitcoin's recent decline, Ethereum has made a strong comeback, regaining a dominant position in the market. The ETH/BTC trading pair has increased by over 10% in the past five days, indicating a shift in market sentiment and renewed interest in altcoins.

Drivers of Ethereum's Recovery

The U.S. government's cryptocurrency-friendly policies, the rise in the ETH/BTC ratio, and increasing interest from institutional investors in Ethereum ETFs are all key driving forces.

Following Bitcoin's decline, Ethereum has rebounded, and signs of capital flow towards ETH and altcoins are becoming increasingly evident.

Projects like Chainlink, Sui, Avax, and Toncoin are also experiencing price increases, with projects exceeding a market value of $500 million achieving significant gains.

Institutional investors' acceptance of Ethereum as the 'world computer' has increased, and their growing interest in a spot ETH ETF suggests a positive outlook for Ethereum's future.

Those who positioned themselves in Ethereum a few days ago have also seen considerable profits now.

Recently, I have focused on two targets, just waiting for them to reach the right position to enter.

For those who haven't caught up yet, it's time to do so.