$ETH the price of Ethereum against Tether (USDT) has risen by about 11.87%, reaching approximately $1,796.33. However, over the last month, it has decreased by 14.25%. The recent rise in the price of Ethereum may be influenced by several interrelated factors, closely related to the behavior of Bitcoin and the context of global tariff battles.

1. Relationship with Bitcoin: Ethereum and Bitcoin often show correlation in their price movements due to their nature as leading cryptocurrencies. As Bitcoin experiences price increases, investors tend to move capital towards other cryptocurrencies, including Ethereum, which can drive up its price. Additionally, the cryptocurrency market as a whole is affected by the same macroeconomic dynamics and expectations of institutional adoption, benefiting both cryptos.