#MarketRebound Ethereum (ETH) has experienced a significant rebound, surging over 13% in the past 24 hours to trade around $1,799.75 USD. This marks a substantial recovery from its April 9 low of $1,400, with ETH now up nearly 30% since that dip.

The rally is part of a broader cryptocurrency market upswing, with Bitcoin reaching a two-month high above $93,000 and other major altcoins like Dogecoin, XRP, and Solana posting gains between 7% and 11%.

Several factors have contributed to Ethereum's price surge: