PANews reported on May 9 that according to Jinshi Data, Ethereum led the cryptocurrency rally this week, on track to achieve its biggest gain since 2021, driven by easing global trade tensions and optimism about network upgrades. On Friday, the second-largest digital token by market value surged 14% to $2,490, and gained nearly 33% this week, the biggest weekly gain since 2021, when excessive speculation and low interest rates fueled the pandemic-era cryptocurrency boom. Bitcoin, the largest digital currency, also rose 1.7% to $104,336. "The momentum is strong and is likely to continue," said Valentin Fournier, chief research analyst at BRN. "New breakthroughs and policy support could attract new buyers."