Crypto
ETH Surges Above $2,500 as US Interest Boosts
Ethereum (ETH) has surged above $2,500, its highest level since mid-April, as US interest improves.
The top altcoin is up 8% on Friday, driven by strong interest from US-based investors following the Treasury's liquidity signal after it doubled its buyback operation for long-dated bonds.
Ethereum ETFs are on track to record their best week in 2026 with four consecutive days of net inflows worth $220.7 million, totaling $512.4 million so far.
The Coinbase Premium Index has been trending upward over the past few days but is yet to flip positive, indicating improving US sentiment.
Long-term holders have shown strength, with profit-taking remaining weak as the Network Realized Profits/Loss and Age Consumed metrics remain calm.