Ethereum’s price has taken a remarkable leap, breaking through the $3,390 mark on Tuesday, achieving its highest levels since mid-November. The second-largest cryptocurrency surged between 8-10% in just a day, sharply outperforming Bitcoin, which saw a more modest gain of 4.5%.
This recent uptick in Ether’s value comes in the wake of mounting anticipation regarding a Federal Reserve interest rate cut. Market analysts now place an 89.6% likelihood on a 25 basis points reduction to be announced on December 10, 2025. Such loosening of monetary policy is generally beneficial for liquidity-sensitive assets, including cryptocurrencies.
The crypto sector as a whole has enjoyed a 4% increase in the past 24 hours, as this optimism permeates throughout. Bitcoin’s rise above $94,000 from a low of around $89,500 has undoubtedly inspired renewed confidence across a wide range of altcoins, including Ethereum, Cardano, XRP, and Solana.
BlackRock’s Bold Move Bolsters Ether’s Position
In a significant development, BlackRock has filed to establish the iShares Ethereum Staking Trust. This filing marks an essential step for the asset management titan, which has already launched the most popular spot ETH ETF. The new Trust would provide staking yields to its investors, tapping into a growing interest for income-generating crypto products.
Market strategist Joel Kruger from LMAX suggests that this rally reflects not only improving regulatory sentiments but also a renewed optimism concerning potential ETF-related inflows. The prospect of yield-bearing crypto products reaching a wider audience is certainly contributing to Ethereums’s stellar performance.
Additionally, the ETH/BTC trading pair has achieved its strongest ratio since late October, indicating a shift of investment from Bitcoin into Ethereum, further underlining the momentum of this altcoin.
Indicators Point to Continued Strength for Ethereum
Technical analysis indicates Ethereum has successfully surpassed key resistance levels. The MACD indicator shows a positive crossover, with the MACD line now above the signal line, suggesting bullish momentum at 22.95.
Interestingly, the Relative Strength Index (RSI) reading stands at 76, nearing overbought territory; however, it’s important to remember that assets can continue to rally even when the RSI indicates such conditions.
Ethereum’s current focus now lies on holding support above $3,300, with a clear goal set towards the next significant resistance at $3,500.
Adding to the buoyancy in the market is the recent pilot program introduced by the Commodity Futures Trading Commission, which is set to bolster overall confidence within the cryptocurrency ecosystem. Paul Atkins, chairman of the U.S. Securities and Exchange Commission, has called for tokenization as a transformative innovation, with Ethereum well-positioned to benefit from regulatory support aimed at tokenizing real-world assets via smart contract platforms.
As the crypto market evolves, Ethereum’s dynamic performance is capturing investor attention. Those tracking its movements will likely watch with keen interest as developments unfold.
