Ethereum broke above $2,000 for the first time in over two months, peaking at $2,112. The move came on the back of a U.S. Treasury announcement to double its bond buybacks to $4 billion.
Treasury's $4 billion jolt
The Treasury said it would double its bond buyback program to $4 billion. That's a big liquidity signal, and risk assets took notice. Ether's price responded within hours.
Back above $2,000
It's been a while since ether traded at these levels. The $2,000 mark hasn't been breached in over two months, so crossing it is a milestone. The peak of $2,112 shows buyers are willing to push.
What an analyst sees
One analyst says the bear market could be over if key levels hold. That's a conditional call, but it's the kind of optimism that's been missing. For now, traders are watching whether the rally can sustain above $2,000.
