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Ethereum was trading at $3,530.72 by 19:27 (23:27 GMT) on Wednesday, up 10.04% on the day. It was the largest one-day percentage gain since March 20.
The move upwards pushed Ethereum's market cap up to $424.04B, or 16.59% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.
Ethereum had traded in a range of $3,063.60 to $3,530.83 in the previous twenty-four hours.
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