$ETH O Ether surged 20% in the last 24 hours following the release of the Pectra update, with some cryptocurrency traders suggesting that the increasing number of long positions in ETH could mark a “turning point” for the asset, which faced uncertain sentiment for most of 2025.

Ether ETHUSD is trading at $2,230, up 19.6% in the last 24 hours, according to CoinMarketCap data. The pseudonymous trader Daan Crypto Trades stated that it was a “crazy candle.” During the same period, Ether's Open Interest (OI) jumped 21%.