Ethereum Breaks Records as Contrarian Investment Strategy Yields Gains

Ethereum has seen a remarkable surge in price, defying market expectations and achieving a new all-time high. After plummeting to lows of $1,400 in early April, following the turbulence spurred by US tariffs and global financial uncertainty, Ethereum experienced a dramatic rebound. This reversal showcases the power of contrarian investment strategies. 80% gains have been witnessed within a month since hitting those lows. The surge is attributed to several factors including the recent implementation of the Pectra upgrade which some initially saw as a disappointment but now appears to be a catalyst for the price jump.