Ethereum surged by over 15% today, which catapulted it to an ATH of $4,885, higher than the 2021 ATH of $4,868.

The boost all took place in one day, with $ETH jumping from $4,231 to $4,885 and keeping its momentum even after dropping below the $4,800 mark.

At the time of writing this article, Ethereum is hovering around $4,700, which may suggest a consolidation phase before the next push.

While we may explain the increased investor interest as dip buying, this time may be different, as Trump’s GENIUS Act has just entered its months-long implementation phase.

Ethereum’s Surge Hints at a Coming Alt Season This Fall

Ethereum’s recent performance is an indicator of bigger things to come.

Trump’s GENIUS Act is currently the force behind the 2025 market thanks to the many changes it brings. The act now forces stablecoin issuers to back their stablecoin reserves on a 1:1 ratio with liquid assets like government bonds and the US dollar.

It also offers more clarity by requiring issuers to disclose their reserves monthly and focuses on protecting investors against scams and illicit crypto activity.

The Act has now entered its implementation phase, with the Treasury Department issuing a ‘Request for Comment Related to the Guiding and Establishing National Innovation for U.S. Stablecoins,’

The directive offers interested individuals and companies the opportunity to ‘provide feedback on innovative or novel methods, techniques, or strategies that regulated financial institutions use, or could potentially use, to detect illicit activity involving digital assets.’

The GENIUS Act is creating a safer, more stable, and more predictable crypto landscape, which explains the surge in investor confide

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Author: Bogdan Patru