The Zhito Finance APP learned that under the dual impetus of easing global trade tensions and optimistic expectations for network upgrades, Ethereum has led the cryptocurrency market to a comprehensive rebound this week, set to achieve the strongest weekly gain since 2021.

As the second-largest cryptocurrency by market capitalization, Ethereum surged 14% in a single day on Friday to $2,490, bringing its weekly cumulative gain close to 33%. This marks the strongest weekly performance for Ethereum since the cryptocurrency frenzy sparked by speculative mania and a low-interest-rate environment during the pandemic in 2021.

With the new trade agreement between the US and UK improving sentiment in the digital asset market, the industry benchmark Bitcoin rose as much as 1.7% during the day to $104,336. This agreement signifies signs of easing in global economic relations, following the tariff policies that escalated during the Trump administration, which had severely impacted the risk asset market.

Valentin Fournier, Chief Research Analyst at BRN, stated: "The current upward momentum is strong and sustainable, and the combination of technical breakthroughs and favorable policies is expected to attract incremental funds to the market."

The rebound in Ethereum also reflects investors' renewed focus on the technological upgrades of the Ethereum network. This network, recognized as the infrastructure for cryptocurrency business, recently implemented the "Pectra" upgrade plan aimed at reducing transaction fees, improving network efficiency, and supporting more complex wallet functionalities—these improvements are seen as necessary measures to fend off fast-growing competitors like Solana.

Despite the recent rapid rise, Ethereum is still down about 50% from its all-time high reached in November 2021, continuing to underperform compared to other leading digital assets such as Bitcoin.