Ethereum 
$2,325 has experienced an 8% increase in the last 24 hours, reaching levels not seen since May 2024. Currently, ETH is trading at $3,661 and has recorded a remarkable 79% growth year-over-year.
Ethereum’s Role in Market Recovery
In the wake of Bitcoin 
$80,633‘s recent decline, Ethereum has assumed a leading position in the market. The ETH/BTC trading pair has shown an increase of over 10% in the past five days, indicating a shift in market sentiment and a resurgence of interest in altcoins.
According to QCP Capital analysts, the 13% jump in the ETH/BTC pair is seen as a sign of the altcoin revival.
Reasons Behind Ethereum’s Recovery
Peter Chung and Min Jung from Presto Labs note that several factors could be driving Ethereum’s recovery. They highlight the Trump administration’s crypto-friendly policies, the strengthening of ETH/BTC ratios, and the growing interest of institutional investors in Ethereum ETFs as key elements.
“Following Bitcoin’s decline, Ethereum is bouncing back, and there are signs that market flows are shifting toward ETH and altcoins,” says QCP Capital.
According to Santiment’s analysis, projects such as Chainlink 
$10, Sui, Avax, and Toncoin are also experiencing significant price increases, achieving substantial gains due to their market capitalization exceeding $500 million.
The growing acceptance of Ethereum’s “world computer” narrative among institutional investors and increased interest in spot ETH ETFs signals a positive outlook for Ethereum’s future.
