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Why Ethereum Is Jumping Today

TheMotleyFool

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Why Ethereum Is Jumping Today: https://g.foolcdn.com/editorial/images/838988/gettyimages-2164875117.jpg

Ethereum (CRYPTO: ETH) is gaining ground in Monday's trading. As of 5:30 p.m. ET, the cryptocurrency's token price was up 6.6% over the previous 24 hours.

News about a potential end to the government shutdown and a potential de-escalation in the trade war between the U.S. and China are helping to push cryptocurrency valuations higher today. Expectations that the Federal Reserve is on track to deliver another cut for interest rates is also helping to support gains for Ethereum and other cryptos.

Image source: Getty Images.

Source Fool.com

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