Ethereum has reclaimed lost ground in spectacular fashion over the past month, surging past the significant $3,000 psychological barrier not once, but twice. This resurgence signifies a pronounced shift in market dynamics for the world’s second most valuable cryptocurrency.
TLDR
Sparked by swelling investor confidence and intensifying bullish momentum, Ethereum’s epic comeback has seen its value climb by over 30% in recent weeks. The digital asset hit a major milestone on February 24th, crossing the $3,000 threshold for the first time since May 2022 before consolidating gains around the $2,900 zone. However, this breather was short-lived as Ethereum charged onwards, once again storming past the coveted $3,100 mark.
