{"content":"#TrumpTariffs Ethereum targets $4k Jail Break Ether broke through $2,700 in a searing rally Tuesday, bolstered by improving macroeconomic conditions. {future}(ETHUSDT) Ether broke through $2,700 in a searing rally Tuesday, bolstered by improving macroeconomic conditions. The altcoin is up by 50% in the past week, reaching levels last seen in the last week of February. The Pectra upgrade, which focused on enhancing staking efficiency, wallet usability, and layer 2 scalability, has played a pivotal role in fueling Ethereum’s price rally. This upgrade represents a significant step forward for Ethereum’s network development, positioning the platform for future growth. ETH’s trading volume jumped to about $35 billion, indicating high liquidity and trader interest. Institutional investors started piling on the altcoin. London-based digital asset investment firm Abraxas Capital purchased another $84.7 million in ETH, taking its total buys in the last week to $561 million. Ethereum failed to reach the ideal downside target of $1100, but the price levels we set out to watch gave us ample warning that the downtrend had ended. Besides, the risk/reward was heavily skewed towards reward. Moreover, the daily chart has flipped from bearish to bullish. ETH has therefore most likely wrapped up and is ready to embark on a multi-month high to breach $4K. Ethereum has had a difficult year. In a February statement, the president’s son expressed optimism about Ethereum. three tweets, saying, “I think now is a great time to add ETH.”. Later, you can thank me. Later, he changed the statement to omit the final sentence. Ether dropped heavily in February, bottoming out at about $2,300. The decline deepened as concerns about rising inflation and trade tensions grew after Trump announced broad tariffs in early April. Ether briefly dropped below $1,400 on April 7, the lowest since November 2023. #ETH2700 ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/14/db2cab7b63d14f76b16b1adcc07164df.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}