Ethereum Surges Over 10% in Largest One-Day Gain Since November 2024

Ethereum (ETH) experienced a strong rally, rising 10.64% to $2,445.00 on Sunday, marking its biggest single-day gain since November 6, 2024. The surge pushed Ethereum’s market cap to $271.63 billion, accounting for 9.18% of the total crypto market. However, ETH remains significantly below its all-time high of $4,864.06, set on November 10, 2021.

Over the last 24 hours, Ethereum traded between $2,179.67 and $2,445.00, with a total volume of $18.64 billion, making up 20.35% of the global cryptocurrency trading volume. Despite the recent rebound, ETH has declined 19.54% over the past seven days, fluctuating between $2,078.68 and $2,838.22.

Bitcoin (BTC) also saw gains, climbing 7.24% to $91,428.80, with a market cap of $1.76 trillion, representing 59.58% of the crypto market. Meanwhile, XRP skyrocketed 37.30% to $2.9607, pushing its market cap to $158 billion, or 5.34% of the total market.

The latest rally in Ethereum and other major cryptocurrencies signals renewed market momentum. Traders are closely watching resistance levels as Ethereum attempts to reclaim lost ground.