Ethereum’s price rallied 9% to surpass $2,600 after former U.S. President Donald Trump announced a ‘crypto peace deal,’ reflecting heightened market optimism and institutional interest. The surge demonstrates growing confidence in digital assets following Trump’s notable shift from earlier skepticism to explicit support for cryptocurrency innovation.
Institutional investors responded positively to the geopolitical development, citing Ethereum’s technological adaptability and potential for increased capital inflows as key drivers. Market analysts observed that the announcement enhanced overall cryptocurrency sentiment, positioning Ethereum’s upward momentum as a critical indicator of sector health amid evolving regulatory landscapes.
The price movement underscores how geopolitical developments and regulatory clarity continue to significantly influence cryptocurrency valuations, with Ethereum’s performance highlighting its role as a bellwether for broader market trends.