Ethereum Rises 10.04% Amid Positive Market Sentiment, Reports Investing.com

Investing.com – On the Investing.com Index, Ethereum experienced a significant rally, trading at $3,530.72 as of 19:27 (23:27 GMT) on Wednesday. The ascent represented an impressive 10.04% increase for the day, marking the sharpest one-day surge since the Wednesday of March 20, 2024.

This bullish momentum elevated the market valuation of Ethereum to $424.04 billion, accounting for 16.59% of the combined market capitalization of all cryptocurrencies. Ethereum’s market capitalization once reached a peak of $569.58 billion.

Throughout the last day, Ethereum’s price fluctuated between $3,063.60 and $3,530.83.

Despite the recent uptick, Ethereum’s performance over the last week has been less favorable, witnessing an 11.82% depreciation in value. Trading volume for Ethereum amounted to $36.98 billion in the 24-hour period preceding the report, making up 21.82% of the aggregate cryptocurrency trading volume. During the last week, Ethereum prices ranged between $3,063.6050 and $4,009.9158.

As per the latest price, Ethereum is currently 27.41% below its all-time high of $4,864.06, which was recorded on Wednesday, November 10, 2021.

Updates from the broader crypto market

On the Investing.com Index, Bitcoin’s latest position was at $67,839.7, rising by 9.33% today.

Investing.com Index data showed that Tether USDt advanced slightly by 0.04%, trading at $1.0003.

The market capitalization of Bitcoin was last valued at $1,335.28 billion, representing 52.23% of the crypto market’s total cap. Likewise, the market valuation of Tether USDt was at $103.80 billion, which is 4.06% of the cumulative market value for cryptocurrencies.