Ethereum’s price action has taken the crypto world by storm, posting an impressive 16% rally in the past 24 hours. This explosive move — dubbed a “god-candle” by traders — propelled ETH past the $2,200 mark, marking one of the asset’s strongest intraday reversals in recent months. Alongside the surge, Ethereum’s daily trading volume soared 15%, exceeding a staggering $37 billion.
The bullish momentum has not gone unnoticed by institutional players. Earlier today, World Liberty Financial, a decentralized finance (DeFi) initiative reportedly associated with Donald Trump, made headlines after acquiring 1,587 ETH, valued at approximately $3.5 million. This significant purchase underscores a growing wave of institutional confidence returning to the Ethereum ecosystem.
Analysts suggest the convergence of rising investor interest and surging on-chain activity could catalyze further upside in the near term. Ethereum’s expanding role in decentralized applications and the broader Web3 space continues to make it a focal point for both retail and institutional portfolios.
As the market digests this latest upswing, all eyes remain on whether ETH can maintain momentum and break through the next resistance zones. One thing is clear — Ethereum’s resurgence is once again commanding the spotlight.
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