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Ethereum (ETH) is once again moving closer to the $4000 mark. The second-largest cryptocurrency by market cap has rallied 6% in the last 24 hours, 5.5% in the weekly charts, 7.1% in the 14-day charts, 50% over the previous month, and 60.5% since August 2024, according to CoinGecko’s ETH data. Source: CoinGecko What’s Pushing Ethereum Towards $4000? Source: Watcher.Guru ETH’s latest rally comes amid a market-wide rebound. Bitcoin (BTC) has reclaimed the $116,000 price point. The global crypto market cap is also inching closer to the $4 trillion mark. The rally is likely due to President Trump allowing retirement funds to invest in crypto assets. President Trump is also actively pushing for an interest rate cut. Trump has placed a close aide on the Federal Reserve Board of Governors. Many anticipate a rate cut in September 2025. Goldman Sachs, Wells Fargo, and Citigroup anticipate a 25 basis point rate cut next month. The move could lead to ETH and other cryptocurrencies...

- Advertisement - As the cryptocurrency market continues to grow and mature, investors are constantly seeking out new investment opportunities that have the potential to generate significant returns. Ethereum (ETH) has long been considered one of the most promising cryptocurrencies, with its value increasing steadily. - Advertisement - However, there is a new DeFi token that is emerging as a potential challenger to Ethereum’s dominance – RenQ Finance (RENQ). In this article, we will examine whether Ethereum will hit $4000 in 2023 and why RenQ Finance is likely to outperform ETH and provide 10x more gains. Ethereum’s Potential in 2023 Ethereum has been one of the most significant cryptocurrencies in the market since its launch in 2015. In recent years, it has established itself as a significant player in the DeFi space, with its blockchain technology facilitating the development of decentralized applications and smart contracts. The cryptocurrency has also benefi...