Ethereum Stages Rebound, Gains 6% in 24 Hours
Ethereum (ETHUSD) inches higher by about 6% in the last 24 hours to $2,062.11, closely tracking Bitcoin’s gain amid a broad market rally, primarily driven by beta-driven momentum as capital flows back into major cryptos.
A confirmed break above it opens a path toward $2,500. With a market capitalisation of $250 billion, the altcoin staged a rebound after hitting bottom, trading below $2k in the week amid significant sell pressure across crypto names.
The total crypto market cap increased 4.73% to $2.41 trillion, signaling broad buying pressure. No clear secondary driver was visible in the provided data.
ETH broke above its 7-day Simple Moving Average ($1,989.48) and 7-day Exponential Moving Average ($1,976.66), confirming the rally with structure.
Crypto analysts said the immediate path hinges on ETH’s ability to hold the $2,000 support zone. A successful hold could test the 23.6% Fibonacci resistance at $2,240.
Ethereum’s gain is primarily driven by market-wide risk-on flows, amplified by confirming technicals. #Ethereum Stages Rebound, Gains 6% in 24 Hours BTC, ETH Fall as U.S Tariffs Drive Massive Crypto Selloffs
