Ethereum was trading at $2,478.51 by 15:47 (20:47 GMT) on the Investing.com Index on Wednesday, up 10.12% on the day. It was the largest one-day percentage gain since November 9, 2023.
The move upwards pushed Ethereum’s market cap up to $294.87B, or 17.19% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.
Ethereum had traded in a range of $2,342.21 to $2,480.04 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a rise in value, as it gained 10.36%. The volume of Ethereum traded in the twenty-four hours to time of writing was $25.32B or 24.56% of the total volume of all cryptocurrencies. It has traded in a range of $2,167.4207 to $2,480.0354 in the past 7 days.
At its current price, Ethereum is still down 49.04% from its all-time high of $4,864.06 set on November 10, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $45,821.8 on the Investing.com Index, down 2.27% on the day.
Tether USDt was trading at $1.0005 on the Investing.com Index, a gain of 0.01%.
Bitcoin’s market cap was last at $900.73B or 52.52% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $94.38B or 5.50% of the total cryptocurrency market value.