Ethereum reached a seven‑month high, trading above $2540 for the first time since late January, amid renewed buying interest.

Price dynamics

Over the past 24 hours, ether rose nearly 3%, and over the past week it gained about 30%, reflecting concentrated short‑term momentum.

Since the start of the third quarter, the token has climbed by more than 55%, a measure of accelerating upside this quarter.

Comparison with bitcoin and market signals

On the same timeframe, bitcoin quoted around $77,300 with a weekly increase near 22%, making ether’s advance relatively stronger.

The ETH/BTC pair rose to 0.032, indicating that ether is outperforming the main cryptocurrency in recent sessions.

Analysts at CoinDesk noted a technical formation on the ETH/BTC chart they described as a "golden cross", and they consider the rally not yet exhausted.

Context and recent history

By comparison, last summer ether posted an even faster quarterly gain of 65%, showing how quickly trend strength can vary between periods.

Targets articulated by some banks at around $4,000 have not been reached, and past rallies have at times failed to sustain projected levels.

The current move has produced notable revaluation versus bitcoin and revived attention to ethereum’s price trajectory, while observers monitor whether momentum persists.