Ethereum has exploded past the psychological $2,000 mark, currently trading at $2,023.79, marking an impressive 11.12% gain in the past 24 hours.
The rally comes as Ethereum adds over $24 billion to its market cap, pushing it to $244.46 billion at the time of writing, with trading volume surging 31.41% to over $23.6 billion.
The breakout follows a powerful intraday rally that began near $1,820, accelerating steadily through the day with growing momentum. This move officially ends Ethereum’s multi-day consolidation phase and reclaims a level not seen in weeks.
The surge is attributed to a broader crypto market rally, fueled by Bitcoin’s breakout to $100K, a spike in risk-on appetite, and growing optimism around Ethereum’s next network upgrade (hinted in the bottom right corner as “Pectra”).
With strong volume and market sentiment behind it, Ethereum bulls may now set sights on the next major resistance zone near $2,500. The breakout could also rekindle interest in altcoins, which have been lagging during Bitcoin’s dominance.
One thing’s clear — Ethereum is back in motion, and momentum is building fast.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ethereum-smashes-through-2000-with-11-daily-surge/