EL7.AI
CryptoUpdated×2•Originally published 3 July 2026•Updated 3 July 2026•
1 min read

Ethereum Jumps 5% as Bitcoin Reclaims $60,000 Amid Dovish Fed Signals

Key Facts

1Ethereum reclaimed the $1,650 level after climbing more than 5% within 24 hours.
2The cryptocurrency posted an 8.05% gain over the past seven days despite remaining below the $2,000 threshold.

In a move reflecting a positive shift in crypto market sentiment, Ethereum recorded a 5% price surge within 24 hours, breaking through previous resistance levels. According to reports, this momentum was bolstered by Bitcoin reclaiming the psychological $60,000 mark, providing a strong catalyst for the broader market. Furthermore, a dovish stance from the Federal Reserve has enhanced the appeal of digital assets, coinciding with sustained spot ETF inflows and bullish technical signals.

This collective rally occurs at a pivotal moment for global markets, as easing inflationary pressures improve risk appetite for cryptocurrencies. In the context of peer performance, major altcoins stabilized alongside the BTC rally, while the U.S. Michigan Consumer Sentiment index reported a reading of 49.5 on June 26, 2026, missing the 50.0 forecast per market data, further fueling expectations for an upcoming monetary easing cycle.

Investors are now focusing on the sustainability of this breakout, with ETH trading at $1,800 (close July 3, 2026) following the recent gains. Key catalysts to watch include the upcoming China Manufacturing PMI release on June 30, 2026, and a scheduled speech by ECB President Christine Lagarde on June 29, 2026, both of which are expected to influence global liquidity and crypto-fiat volatility.