Ethereum skyrocketed 30% in a week, expected to achieve the best single-week performance in four years.

Driven by the easing of global trade tensions and optimistic sentiment around network upgrades, Ethereum led the cryptocurrency rally this week, poised to achieve its largest increase since 2021. On Friday, the second largest digital token surged by 14% to $2490, with a weekly increase of nearly 33%, the largest single-week increase since 2021, when excessive speculation and low interest rates fueled the cryptocurrency frenzy of the pandemic era. The largest digital currency Bitcoin also briefly rose by 1.7% to $104,336. Valentin Funy, chief research analyst at BRN, stated: "The momentum is strong and may continue. New breakthroughs and policy support may attract new buyers."