Macro risks like U.S. interest rate shifts remain key. Ethereum tends to rally in dovish environments, resembling the way growth stocks outperform during falling yield periods. A Fed rate cut scenario could push ETH above the $3,500 technical ceiling. Alternative investments like Bitcoin, as well as traditional stores of value like gold, are also benefiting from political uncertainties in the US, which have arisen primarily due to the government shutdown. If you’d invested $1,000 in Ethereum 5 years ago, here’s how much you’d have now Options skews currently favor calls over puts, with a put/call ratio below 0.