CoinMeta data: Ethereum (ETH) price returns to $2,700 for the first time since January 2026. CoinGecko data shows that Ethereum has risen by 9.2% in the past week and 13% in the past month. Despite the overall bearish market sentiment, Ethereum's rebound seems to be related to the decline in oil prices; investors may expect inflation figures to cool down due to lower energy costs. Although Ethereum's latest rise is encouraging, whether it can be sustained remains uncertain, especially against the backdrop of the U.S. Congress voting against a cryptocurrency transparency bill and the Federal Reserve's interest rate hikes.