Ethereum has demonstrated impressive growth, surpassing $2300 and increasing by 18.8% over 24 hours — this is the best performance among the top 10 cryptocurrencies. This spike is associated with the successful implementation of the Pectra hard fork, which improved wallet functionality, increased network efficiency, and raised the maximum staking limit to 2048 ETH.
An additional driver was the announcement of Coinbase's deal to acquire Deribit for $2.9 billion, which strengthened investor confidence in the derivatives market.
Against this backdrop, the total amount of liquidations over 24 hours amounted to $878 million, of which $289 million was attributed to ETH. Analysts note that the rise of ETH may signal a change in market trend.
Overall, Ethereum shows confident recovery, outpacing Bitcoin in daily growth rate, indicating a renewed interest in altcoins.
