Gold Finance reported that Ethereum's price surged 11.7% between September 17th and September 19th, reaching a three-week high of $2,572. This price movement coincided with a rise in Ethereum futures open interest, which jumped to a 20-month high. As a result, traders are becoming concerned that increased leverage could amplify potential price fluctuations.

Lower interest rates have favored a bullish outlook for ETH, but risks remain in the US economy. The recent rise in ETH price echoes the overall 8.3% increase in the cryptocurrency market, fueled by US interest rate cuts and strong labor market data. This momentum also pushed the S&P 500 index to a record high on September 19th. Lower interest rates reduce the cost for companies to issue new debt, alleviating concerns about a potential stock market correction.