Ethereum (CRYPTO: ETH) continues to rise, up 3.4% in the last 24 hours. This increase coincided with positive results for the S&P 500 and Nasdaq Composite. The crypto market received some relief as Ethereum and other cryptocurrencies saw gains after weeks of sell-offs.

Nearly 40,000 WARN notices were issued in October, one of the highest numbers on record. These notifications indicate mass layoffs and plant closures, confirming the strain on the job market.

The WARN notices data could prompt the Federal Reserve to cut rates at its upcoming meeting. Lower rates typically benefit riskier assets like cryptocurrencies, fueling hopes of a market rebound.

Ethereum remains a high-risk asset despite its relative stability in the crypto market. For investors with a higher risk tolerance, Ethereum could be a solid addition to a diversified portfolio, especially in times of economic uncertainty.