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#ETH# A new impulse has flooded the market, with Ethereum being one of the most profitable altcoins.
In just a few days, ETH recovered with a growth of over 30%, which shocked the market that had been stagnant for months. But what is behind this breakthrough? Surprisingly, the fuel does not come from Washington, but from Beijing.
Traders point to the bold change in China's monetary policy as a catalyst. The People's Bank of China recently lowered the benchmark interest rate to a historic low and eased liquidity requirements for banks, effectively flooding the system with capital.
Analysts say that the strengthening of the yuan against the dollar is a clear sign that risk assets, including cryptocurrencies, may thrive in the coming months. As the yuan strengthens, the dollar weakens, creating ideal conditions for the growth of digital assets.
Investor interest in XRP derivatives is experiencing strong growth.
Meanwhile, the US Federal Reserve kept interest rates unchanged, but rising unemployment and trade tensions may force it to take action in the near future. If layoffs accelerate, rate cuts may follow – another favorable factor for crypto optimists.
The recovery of Ethereum is not just technical – it is fundamental. Stripe announced its support for stablecoin payments using the altcoin's network, which is a signal for broader acceptance in traditional financial systems.
At the time of writing this article, ETH is trading at a price of $2,560, reflecting a 10% increase over the last 24 hours. Some investors see early signs of a new cycle, while others remain cautious, uncertain whether this is the beginning of a bull market or just a temporary spike.
But for those who are watching closely, the momentum seems different this time – stronger, more global, and likely just at the beginning.