Ethereum Surges 43% in Two Weeks as Trump Signs First Major US Crypto Law Into History

Sorry, Bitcoin maximalists, Ethereum’s back in action. The second-largest cryptocurrency is up 43% these past two weeks, marking its strongest performance since Aug. 2021. This momentum comes as President Trump signed the GENIUS Act into law Friday, establishing a regulatory framework for stablecoins that could boost Ethereum’s DeFi ecosystem.

• Ethereum ETFs saw record-breaking inflows of $602M Thursday, topping Bitcoin ETFs for the first time ever, while BlackRockBLK
  filed to add staking capabilities to its ETHA fund.
• CoinDesk’s Emmanuel Cardozo noted, “Bitcoin dominance has dropped from a June peak of 66% to around 61.75%, signaling early signs of an altcoin cycle heading into Q3.”

Momentum is contagious: Wolfe Research’s Read Harvey added, “No coin seems to have more [momentum] than Ethereum of late,” as the ETH/BTC ratio bounces to its best levels since Q1. The broader altcoin rally is gaining steam with Dogecoin jumping 33% weekly and Solana climbing 6.6% daily as traders hunt for the next breakout star. With the $4T crypto market showing signs of capital rotation beyond Bitcoin and institutional money flooding into altcoins, Ethereum’s breakout could signal the start of the long-awaited “altseason” that crypto traders have been anticipating.