🚀🚀 Ethereum rises 10% as confidence in the cryptocurrency market renews

Ethereum (ETH) has seen a significant increase of 10.42% in the last 24 hours, reaching a value of US$ 3,445.00, according to data released this Saturday by the website Investing.com. This growth reinforces the recovery of the cryptocurrency market, driven by an increase in investor confidence.

With this advance, Ethereum now has a market capitalization of US$ 415.37 billion, representing 12.20% of the total value of the cryptocurrency market. Despite the recent rise, ETH is still 29.17% below its all-time high of $4,864.06 in November 2021.

However, over the past week, the asset has shown a more volatile performance, accumulating a drop of 11.63% and varying between $3,103.72 and $4,102.90 in the same period.

The volume traded in the last 24 hours reached $46.70 billion, representing 19.37% of the total transaction volume in the cryptocurrency market. Other digital assets also registered positive movement in the same period. Bitcoin, for example, appreciated 5.84%, while Tether (USDT) remained stable, with a slight increase of 0.10%.

Ethereum's recent appreciation reflects a moment of optimism in the market, with investors regaining confidence after a period of sharp declines. This move could signal expectations of further increases in the cryptocurrency's price in the near future.$ETH $$$