The cryptocurrency market is showing strong momentum this week, with Ethereum leading the charge. The world’s second-largest cryptocurrency by market capitalization has climbed 8% in the last 24 hours, pushing its price close to the $4,700 mark.

Solana isn’t far behind, recording an impressive 9.97% gain, while Chainlink has jumped 10.38%. Even lesser-known tokens are riding the wave, with meme coin Fartcoin surging by over 18% — a reminder of how quickly sentiment can spread across the market.

Analysts point to several factors behind this rally. Renewed optimism around the U.S. economy, improving risk appetite among investors, and growing institutional interest in crypto assets are contributing to the gains. Ethereum’s ongoing network upgrades and anticipation for further scaling improvements have also fueled investor confidence.

Meanwhile, Solana continues to attract attention for its high-speed, low-cost transactions, making it a popular choice for decentralized apps and NFT projects. Chainlink’s growth is being driven by increased adoption of its oracle services, which connect smart contracts with real-world data.

While the rally has sparked excitement, experts advise caution. The crypto market is notoriously volatile, and sharp gains can often be followed by quick pullbacks. Still, for now, traders are enjoying a sea of green across the board.

With Ethereum inching closer to the $5,000 milestone, investors are watching closely to see if the bullish momentum will carry through the week — or if this is just a short-term surge.