Bitcoin has perked up, gaining 8% to roughly $42,600 in the past week. But ether, the second-largest cryptocurrency, has gained 15% and has pushed past a key level of $3,000.

Ether, the native token of the Ethereum blockchain network, seems to be getting a lift from the forces lifting cryptos in general. Investors are returning to high-growth “risk assets” as the markets digest prospects for interest-rate increases and other steps to tighten monetary policy from the Federal Reserve, along with the consequences of the war in Ukraine.