Ethereum Soars 30% in a Week, Poised for Best Weekly Performance in 4 Years

According to Jinshi Data on May 9, driven by easing global trade tensions and optimistic sentiment towards network upgrades, Ethereum is leading the cryptocurrency surge this week, likely achieving its largest increase since 2021. On Friday, the second-largest digital token surged 14% to $2,490, with a weekly gain nearing 33%, marking the largest weekly increase since 2021, when excessive speculation and low interest rates fueled the cryptocurrency boom during the pandemic. The largest digital currency, Bitcoin, also rose 1.7% to $104,336. BRN Chief Research Analyst Valentin Fournier stated, "The momentum is strong and may continue." "New breakthroughs and policy support could attract new buyers."