Ethereum Weekly Price Spike Hits 50% as Bitcoin, Solana and Dogecoin Gain

Ethereum continued its startling surge Tuesday, pushing its weekly jump to over 50% as Bitcoin rose alongside other top coins.

jumped more than 8% over the past 24 hours, accelerating its momentum on Tuesday after an encouraging inflation report and amid other upbeat signs that have rekindled investor appetites for crypto and other risk-on assets.

The second-largest cryptocurrency by market capitalization cracked $2,700 at one point during the late afternoon Eastern Time before retreating slightly below that threshold. Even so, the coin is up a whopping 51% during the past seven days, according to crypto markets data provider CoinGecko.

"We're mostly seeing continuing momentum for ETH," Carlos Guzman, research analyst at crypto market maker GSR, told Decrypt. "ETH is finally in the limelight after having lagged throughout the latest cycle, and investors are once again turning their attention to it as sentiment shifts."

ETH began rebounding from its prior plateau near $1,700 late last week following the successful Pectra upgrade to increase the Ethereum network's speed and efficiency, and as the Trump administration appeared to retreat at least temporarily from its global trade war.#ETH🔥🔥🔥🔥🔥🔥