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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...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...