The move surprised most economists expected the hike to come later this year.

Ethereum's recent price performance has been hailed as a strong indicator of a strong value proposition. The cryptocurrency has gained more than 50% in the past week and these gains are attributed to positive developments in its ecosystem.

In particular, two developments may have contributed to this increase. The first is the launch of a new platform called Casper, which will make the Ethereum network faster and more efficient. This is one of the main areas of focus in blockchain technology right now, especially given how long it takes Bitcoin to develop its infrastructure.

The second development that is believed to be an important contributor to the rise of Ethereum involves a new economic theory called Supplementary Theory. This theory suggests that there are certain ways that two different things can complement each other rather than compete with each other, which could explain why Ethereum's increased strength is interpreted as a signal. shows it has a strong value proposition compared to other cryptocurrencies.