US EditionEthereum Skyrockets 20% In 24 Hours
- Ethereum surged nearly 20% on May 9, 2025, reclaiming $2,200 and marking its biggest one-day gain since 2021.
- The price rally followed the launch of the Pectra upgrade on May 7, which improved network performance and boosted investor confidence.
- This upgrade lowered Ethereum's annual inflation from 0.7% to-0.53%, turning issuance deflationary and doubling the daily ETH burn rate.
- Over $280 million worth of short Ethereum positions were closed out as the asset gains momentum, with analysts predicting it could reach $3,700 amid efforts to catch up to Bitcoin following a period of underperformance.
- While network activity remains below 2021 levels, structural changes and institutional support suggest potential for sustained growth amid renewed market optimism.
14 Articles
14 Articles
Ethereum Skyrockets 20% In 24 Hours
Ethereum (CRYPTO: ETH) has surged 20% in the past 24 hours to trade at $2,343, extending a two-week rally that has pushed the asset up 32%. The move, however, still leaves it 52% below its all-time high of $4,878.26, recorded on November 10, 2021. But according to industry experts, this rebound reflects more than just a technical bounce—it points to renewed conviction in Ethereum's long-term structural role in the blockchain ecosystem. What Expe…
Ethereum is back – and not as strong as it has been for a long time
The prices of cryptocurrencies are rising again. Ethereum records the strongest trading day after four years and makes a comeback with 20 percent price gain. Ethereum is no longer as strong as in four years. Image: keystoneThe prices of cryptocurrencies are rising again. Ethereum records the strongest trading day after four years and gives a comeback with 20 percent price gain.The cryptomarket has recovered again, which is particularly pleasing …
Ethereum Skyrockets 20% In 24 Hours: What Is Driving The Surge?
Ethereum (CRYPTO: ETH) has surged 20% in the past 24 hours to trade at $2,343, extending a two-week rally that has pushed the asset up 32%. The move, however, still leaves it 52% below its all-time high of $4,878.26, recorded on November 10, 2021. But according to industry experts, this rebound…
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