Cryptocurrency

Ethereum’s value rises by 15% in positive trading conditions, showing bullish momentum for investors.

Ethereum Surges 15% in Bullish Trade

Ethereum’s Impressive Rally

Ethereum soared to $3,858.24 by 14:28 (19:28 GMT) on Wednesday, marking a remarkable 14.89% surge in just one day. This surge represented the largest one-day percentage gain since November 10, 2022.

Market Cap Movement

This upward momentum propelled Ethereum’s market cap to $463.71B, accounting for 18.45% of the total cryptocurrency market cap. At its peak, Ethereum’s market cap reached $569.58B.

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Price Fluctuations

Ethereum’s price fluctuated between $3,503.51 to $3,899.99 in the previous twenty-four hours, showcasing its volatility.

Weekly Performance

Over the past seven days, Ethereum has demonstrated a significant uptrend, with a 16.43% increase in value. The trading volume for Ethereum in the last twenty-four hours stood at $45.04B, representing 20.09% of the total cryptocurrency volume. In the past week, Ethereum traded within a range of $3,237.2808 to $3,899.9900.

All-Time High Comparison

Despite its current price surge, Ethereum remains 20.68% below its all-time high of $4,864.06 achieved on November 10, 2021.

Cryptocurrency Market Overview

Bitcoin also experienced positive movement, reaching $67,095.0 on the Investing.com Index, reflecting a 4.76% increase in value. Meanwhile, Tether USDt traded at $1.0012, marking a gain of 0.18%.

Bitcoin’s dominance in the market cap was at $1,318.18B, representing 52.46% of the total cryptocurrency market cap, whereas Tether USDt’s market cap was $100.61B, accounting for 4.00% of the total cryptocurrency market value.

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