Ethereum (ETH) saw a significant price surge of over 10% in just an hour following US President Donald Trump’s announcement of a 90-day pause on import duties for countries other than China, along with reduced reciprocal tariffs to 10%. This comes after a turbulent period characterized by the escalating trade war between the US and China which impacted the global market and cryptocurrencies. The sudden price jump saw ETH surpass the $1,400 mark, marking a return from its two-year low and entering a full-fledged rally mode. The surge has led to an increase of 12.36% in the past 24 hours, with trading volume exceeding $36 billion. ETH is now trading at $1,662 – a price point that recaptured its $200 billion market cap. This resurgence in ETH prices could indicate the beginning of a bullish market trend and a potential shift in sentiment around tariff uncertainty. Source: CoinMarketCap. With such rapid growth following a two-year low, analysts are questioning if this marks a full-fledged comeback for Ethereum. Crypto trader CryptoBullet believes that positive momentum surrounding the news could drive ETH prices higher in the coming months.