Ethereum posted a strong rally on Wednesday, climbing to $2,046.23 by 11:57 (16:57 GMT). The cryptocurrency gained 10.08% on the day, marking its biggest single-day percentage increase since February 25.
The sharp move higher lifted Ethereum’s market capitalization to $245.23 billion, representing 10.46% of the total cryptocurrency market. At its historical peak, Ethereum’s market value reached $583.89 billion.
Ethereum price range and weekly performance
Over the previous 24 hours, Ethereum traded between $1,846.80 and $2,046.23, reflecting strong upward momentum during the session.
In the past seven days, Ethereum has advanced 3.18%, signaling improving short-term sentiment. Trading volume over the last 24 hours stood at $21.19 billion, accounting for 20.99% of the total cryptocurrency market volume. During the week, the digital asset fluctuated within a range of $1,804.02 to $2,046.23.
Despite the recent surge, Ethereum remains 58.71% below its all-time high of $4,955.90, recorded on August 24, 2025.
Broader cryptocurrency market update
Elsewhere in the crypto market, Bitcoin was trading at $68,170.1 on the Investing.com Index, up 6.07% on the day. The world’s largest cryptocurrency maintained a dominant market capitalization of $1.359 trillion, equivalent to 57.98% of the total crypto market value.
Meanwhile, Tether USDt was priced at $1.0006, posting a modest 0.05% gain. The stablecoin’s market capitalization stood at $183.65 billion, representing 7.83% of the overall cryptocurrency market.
