Ethereum price records best daily performance since 2021

The price of Ethereum has recorded its best daily performance since 2021, after rising nearly 20% over the past 24 hours, reaching a price of $2234 this Friday morning, up from less than $1900 on Thursday.

With this performance, Ethereum has regained levels not seen in two months, increasing its weekly gains to 26% and achieving a jump of more than 50% over the last month, after previously declining to its lowest levels at around $1400.

This increase coincided with the launch of the “Pectra” update on the mainnet on May 7, which gave a strong boost to investor confidence.

According to the “CoinGlass” platform, over $280 million in short-selling positions on Ethereum were liquidated in one day, indicating strong upward momentum.

The “Bankless” platform described this day as the best for Ethereum since 2021.

Despite this remarkable performance, it is not an absolute precedent, as Ethereum has experienced several similar waves of increases over the past year, most notably a 23% rise between May 20 and 22, and a rise of about 30% between November 6 and 10.

Nevertheless, analysts believe that the recent recovery could establish a more sustainable upward trend.17520071559#BTCtrade