Ethereum Soars Past $2,000 as US Treasury Boosts Bond Buybacks

Ethereum surged past $2,000 for the first time in over two months after the US Treasury announced it would double bond buybacks to $4 billion.

The move boosted the entire cryptocurrency market, pushing altcoins' total market cap above $1 trillion. Notable gains included Zcash (up 9%), XRP, and SOL.

Analyst Michaël van de Poppe sees this breakout as a potential end to the bear market, with targets up to $2,900 if key levels hold.