Ethereum's price surged to $3,445.00, marking a 10.42% increase in a single day, the largest gain since early November. This caused Ethereum's market capitalization to reach $415.37 billion, accounting for 12.20% of the total cryptocurrency market cap.

Despite this recent rally, Ethereum has experienced an 11.63% decline in value over the past week and remains down 29.17% from its all-time high of $4,864.06 in November 2021.

Bitcoin also saw gains, trading at $98,243.70, up 5.84% for the day, with a market cap of $1,943.92 billion, representing 57.10% of the total market. Tether USDt had a slight gain of 0.10%, trading at $0.9996. The trading volume for Ethereum in the last 24 hours was reported at $46.70 billion, accounting for 19.37% of the total cryptocurrency trading volume.