The Ethereum price surge is grabbing headlines, fueled by renewed risk appetite following former President Trump’s push for Federal Reserve rate cuts. ETH jumped 12% in just four days, overtaking Solana (SOL) and XRP in weekly performance.
Undervalued Ethereum Sparks Late Rally
Ethereum broke above $1,825 on April 25, marking its highest level in nearly two months. Despite starting the week slowly, ETH surged 12% on the weekly timeframe, surpassing rivals like Solana and XRP.
Initially, Ethereum struggled under $1,600 between April 9 and April 23. Meanwhile, Bitcoin, XRP, and Solana had already smashed key psychological levels earlier in the week.
However, after Trump softened his tariff stance and urged for interest rate cuts, global markets flipped bullish. Investors quickly recognized Ethereum’s undervaluation and piled in. As a result, ETH skyrocketed from $1,600 to $1,825 between April 22 and April 26.
At press time, ETH leads with a weekly gain of 12%, while Solana and XRP posted smaller 5.3% and 6.9% increases respectively.
Staking Inflows Confirm Bullish Sentiment
Ethereum’s staking activity backs the rally narrative. According to Beacon Chain data, staking deposits surged after Trump hinted at de-escalating trade tensions.
Between April 22 and April 26, total staked ETH rose by over 90,000 coins — a $164 million inflow at current prices.
Increased staking benefits Ethereum price for two key reasons:
- Reduced Supply: Staked ETH locks away tradable tokens, tightening supply amid strong demand.
- Investor Confidence: Higher staking signals faith in Ethereum’s long-term strength.
Additionally, staking imposes a lock-up period, meaning recent deposits won’t be available for immediate selling. This strengthens short-term support even if market sentiment shifts.
Ethereum Price Forecast: Bulls Target $1,950
At the time of writing, Ethereum holds steady above $1,802. If momentum continues, ETH could soon challenge resistance at $1,928.
Technical indicators look promising:
- Keltner Channel shows ETH rebounding from lower support bands.
- Volume Delta just printed a two-week high, confirming strong buying.
- RSI has climbed from oversold levels, indicating bullish divergence.
A daily close above $1,850 could open the path to $1,950 in early May. Conversely, if bulls lose grip on $1,800, ETH might revisit $1,700 — a previous consolidation zone.
Given improving volume and RSI recovery, the odds now favor a bullish continuation in the days ahead.