Ether (ETH) has surged past $3,000, achieving its highest price since August 2, 2024, and is on track to record its biggest weekly gain since May. The cryptocurrency has risen 23.39% this week, significantly outperforming Bitcoin (BTC), which gained 11.2%. Factors contributing to this bullish momentum include increased hopes for regulatory relief under the incoming Trump administration, which may benefit decentralized finance (DeFi) initiatives dominated by Ethereum. Additionally, a recent 25 basis point rate cut by the Federal Reserve has made ETH more attractive as an investment, offering a fixed-income return through staking rewards. The growing optimism is reflected in the ether options market, suggesting the rally may continue. Notably, while ETH has seen impressive gains, it remains below its all-time high of $4,868.

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