Ethereum Rips Past Resistance as Macro Winds Fuel Crypto Rally

ETH’s 30% weekly surge defies Wall Street’s ’risk-off’ narrative—turns out the ’inflation hedge’ crowd finally read the whitepaper.

Why now? Three factors pumping gas:

- Institutional FOMO: BlackRock’s ETH staking ETF filing lit the fuse

- DeFi summer 2.0: Liquid restaking protocols hit $12B TVL in Q2

- Short squeeze: Leveraged bears got rekt after $3K support held

Cynical take: TradFi analysts still can’t decide if crypto is a hedge or a gamble—meanwhile, the ETH/BTC chart keeps printing higher lows. Wake us when your 60/40 portfolio does that.

Meanwhile, the U.S. Federal Reserve held rates steady, but rising unemployment and trade friction may force its hand in the near future. If layoffs accelerate, rate cuts might follow—another tailwind for crypto bulls.

Ethereum’s resurgence isn’t just technical—it’s fundamental. Stripe just lit up support for stablecoin payments using Ethereum, signaling broader adoption in mainstream finance. And with the Pectra upgrade on the horizon, ETH’s network utility is about to level up once again.

The result? Ethereum is now outpacing Bitcoin and may be paving the way for a broader altcoin breakout. Some investors see the early signs of a new cycle; others remain cautious, unsure if this is the beginning of a bull market or just a temporary spike.

But for those watching closely, the momentum feels different this time—stronger, global, and possibly just getting started.