$ETH

The brief 1.66% spike has created a bullish wave in the crypto market, pushing the market cap to $3.33 trillion. With the greed sentiment lingering, all major assets fall into mixed sentiment. The largest altcoin, Ethereum (ETH), has posted a modest gain of over 0.20% in the last 24 hours. 

Ethereum’s bearish net might block the emergence of bulls in the market. A steady jump above $2.6K could help the recovery faster. In the early hours, ETH has visited its daily low of $2,482. Later, the flash of bulls sent the price toward the high of $2,616.

At the time of writing, Ethereum traded within the $2,562 range, with a market cap of $309 billion. Notably, its daily trading volume has dropped by 1.27%, reaching $24.18 billion. Moreover, the market has witnessed a liquidation of $103.94 million worth of ETH, as per Coinglass data. 

The altcoin has gained a steady 62.61% over the last thirty days. ETH opened the month trading at $1.5K, and with the bullish support, the price has now touched the $2.6K mark. 

Can the Bulls Reclaim Control of Ethereum?

Assuming the active bearish momentum of Ethereum continues, it might push