- Ethereum has gained 3% in the past 24 hours, trading at $2,810, outperforming other major crypto.
- ByBit has aggressively acquired ETH tokens to cover a $1.5 billion hack.
- Analysts predict Ethereum could reach $15,000 or even $19,000 by 2025.
After several months of lackluster performance, Ethereum is showing improvement, even ranking as a top gainer over the past day. Specifically, Ethereum is up by 3% in the last 24 hours, with a weekly gain of 4%, as it trades at $2,810.
This positive gain comes despite Bitcoin’s price dipping by 0.5% over the past day, with a negative weekly growth of 1.2%. Among the top ten most prominent crypto assets, Ethereum boasts the best gains. Others are either trading in the red, like XRP or seeing only 1% gains, like Cardano (ADA).
With Ethereum’s resilience amid the largely passive market, many are now more confident in the asset’s trajectory in this bull market.
Why’s Ethereum Pumping Today?
Notably, the ongoing price surge in Ethereum follows ByBit’s ongoing re-acquisition of ETH tokens after the weekend exploit that saw 500,000 ETH tokens carted away. The exchange did not immediately acquire ETH to cover the…
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