Ether has outperformed Bitcoin and the cryptocurrency market as a whole with a 15% rise, helping it bounce back from a historical market dominance low.
Ether ETH 1594 € has risen nearly 15% in the last 24 hours, surpassing $1,800 on April 23. It has outperformed Bitcoin, which gained 6%, and the cryptocurrency market as a whole, which has risen nearly 5% to regain a total market value of $3 trillion.
Ether has managed to recover nearly 30% since its collapse on April 9 to $1,400, leading some analysts to suggest that the worst may be over for the second largest crypto asset in the world.
"You can hate Ethereum as much as you want, but when it has a big day, the entire cryptocurrency ecosystem rises," commented cryptocurrency trader and analyst "Income Sharks" to his 640,000 followers on X.
The market analyst "Ash Crypto" said that ETH was "about to explode," comparing the current price pattern of Ether with the performance of Bitcoin at the end of 2024.
