Ethereum surged 30% in a week and is expected to record its best weekly performance in four years

Ethereum led the cryptocurrency rally this week, on track for its biggest gain since 2021, fueled by easing global trade tensions and optimism over network upgrades. The second-largest digital token by market capitalization surged as much as 14 percent to $2,490 on Friday and nearly 33 percent this week, its biggest weekly gain since 2021, when excessive speculation and low interest rates fueled an epidemic-era cryptocurrency boom. Bitcoin, the largest digital currency, also rose as much as 1.7 percent to $104,336, with Valentin Fournier, chief research analyst at BRN, saying: "Momentum is strong and likely to continue," he said. "New breakthroughs and policy support could attract new buyers."