Ethereum trades at $3.1K, reflecting a 2.30% loss over the last day.
The market witnessed a liquidation of $90.57 million in Ethereum.
The cryptocurrency market shook off the bearish pressure and surged to a $2.73 trillion market cap. Bitcoin (BTC), the largest asset, leads the charge, hitting its all-time high at $81.8K. Notably, Ethereum (ETH) has overcome the $3K mark, a crucial resistance that has held firm for the past few weeks.
The price explosion of both assets might bring in bullish sentiment in the crypto market. As per analysts’ findings, Ethereum’s bullish movement could lead to a remarkable rally. And this breakout could fuel the upcoming altcoin season.
Apart from the overall bullish signals, the largest altcoin has lost 2.30% over the past 24 hours. However, due to the bearish price action, ETH chose a downside rally for the day. At press time, Ethereum is trading at $3,139.
Throughout the day, the asset has dipped to a low of $3,073 and surged to a hi
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