On Monday, the price of Ethereum (ETH) has been slightly climbing during trading hours. By 5:45 p.m. ET, its token price had risen by 0.4% compared to the previous day’s trading. In contrast, Bitcoin experienced a 0.6% decrease over this period. The ongoing moderate bullish trend for alternative coins (altcoins) is pushing Ethereum higher today, following last week’s significant surge. Over the past seven days of trading, Ethereum has increased approximately 25%.
Ethereum is continuing to climb
Last week, Ethereum experienced significant growth due to the momentum generated by “Crypto Week” legislative efforts and the signing of the Genius Act into law by President Trump. The Genius Act sets up regulatory structures for stablecoins, potentially leading to a broader acceptance of this type of digital currency.
A significant number of well-known stablecoins operate on the Ethereum platform. To carry out transactions on Ethereum, it’s necessary to pay a fee using Ether, its native token. As stablecoins may experience broader usage in the future, this could potentially lead to substantial growth drivers for Ethereum’s worth.
Beyond the positive influence of the Genius Act, Ethereum seems to be gaining funds as they shift away from Bitcoin. The growing optimism in the cryptocurrency market is encouraging investors to support altcoins with greater potential for high returns, despite their inherent risks.
What’s next for Ethereum?
If government endorsements for stablecoins and cryptocurrencies in general gain traction, as indicated by the recent signing of the Genius Act and the House’s approval of the Clarity Act, Ethereum could experience sustained price increases. The Clarity Act, which aims to restrict the SEC’s regulatory influence over cryptocurrencies, is expected to boost Ethereum if it passes through the Senate and receives President Trump’s signature.
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2025-07-22 01:48