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The price has surged to approximately $2,630.58, marking a 7.39% increase from the previous day's close of $2,492.43.

YCharts

This rally is part of a broader bullish momentum in the cryptocurrency market, with Ethereum outperforming Bitcoin in

daily gains. Blockchain News +2

Analysts suggest that if Ethereum maintains this momentum, it could reach the $3,300 mark in the near future.

Coinpedia Fintech News

However, it's important to note that the Relative Strength Index (RSI) is approaching overbought territory, indicating potential for short-term corrections.

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