Ethereum experienced a significant surge of 13.7%, reaching its new all-time high of $1,613 following President Trump’s announcement of a pause on global tariffs. This move is driving market confidence and fueling renewed investor interest in the cryptocurrency. The upcoming Pectra upgrade and the introduction of staking ETFs are also contributing to the bullish momentum, with analysts anticipating a potential breakout towards the $1,700 level. Ethereum’s impressive performance has sparked excitement among crypto enthusiasts and even led to a shift in sentiment from ‘slow’ to ‘potentially promising.’ This resurgence is further supported by positive on-chain metrics, including Ethereum trading at a discount to its realized price. The momentum seen over the past few days suggests that this could be just the beginning of a strong rally.