$ETH Ethereum News: Ethereum Soars 15%, Its Market Dominance Bouncing Back After Historic Low

ETH Reclaims $1,800, Outperforming Bitcoin and the Broader Market

Ethereum (ETH) is making a strong comeback after weeks of underperformance, surging nearly 15% in the last 24 hours to reclaim the $1,800 level. The rally comes as ETH's market dominance rebounds from a historic low of 7%, signaling renewed interest in the world's second-largest cryptocurrency.

According to TradingView, Ethereum's dominance fell to its lowest level since September 2019 on April 22, before bouncing back to 7.5% on April 23.

"You can hate Ethereum as much as you want, but when it has a big day, the entire crypto ecosystem rises," noted popular trader Income Sharks on X.

Ethereum Outperforms Bitcoin and the Total Market

Ethereum's 24-hour performance has outpaced Bitcoin (+6%) and the broader crypto market (+5%, with total market capitalization returning to the $3 trillion mark). Since its drop to $1,400 on April 9, ETH has now recovered almost 30%, reversing losses caused by earlier fears regarding trade tensions and market-wide risk aversion.