June 21 (Cointime) - In the past 24 hours, Ethereum's value has risen by 4.8%, following a market-wide recovery led by Bitcoin, which saw a surge of over 7%.

Currently trading at $1,815, Ethereum is close to breaking the $2,000 mark for the first time since May. The Federal Reserve's decision to pause interest rate hikes is expected to benefit risk assets like Bitcoin and Ethereum, while Blackrock's Bitcoin ETF application has also contributed to the positive sentiment in the crypto market.

Investors are being advised by Michaël van de Poppe to consider purchasing altcoins like Ethereum in anticipation of Bitcoin's halving event, which is less than ten months away. Additionally, there has been a 25% increase in the past week.