Ethereum Leads Crypto Rally with 10% Surge as Market Cap Hits $3 Trillion
Ethereum has surged by 10% in the past 24 hours, joining a broader cryptocurrency market rally spearheaded by Bitcoin. This upward movement has propelled the total crypto market capitalization to $3 trillion for the first time since early March. Other major cryptocurrencies, including SOL, BNB, and XRP, have also posted significant gains, with SOL jumping 9%, BNB rising 2%, and XRP increasing by 7%. The rally appears to be fueled by a softening stance from the Trump administration regarding China’s trade policies, injecting optimism into the market. As of April 24, 2025, the crypto market is witnessing a robust recovery, with Ethereum at the forefront of this bullish trend.
Ethereum Surges 10% as Crypto Market Follows Bitcoin Higher
Ethereum has surged 10% in the past 24 hours, joining the broader cryptocurrency market rally led by Bitcoin. The gains have pushed the total crypto market capitalization to $3 trillion for the first time since early March. Other notable gainers include SOL, which has jumped 9%, BNB, which has risen 2%, and XRP, which has increased by 7%. The rally has been driven by a softening of the Trump administration’s tone towards China’s trade and a surge in demand for Bitcoin ETFs.
Ethereum’s Road to $2,000: What Traders Should Know
Ethereum has seen increased demand in recent days, driving a price rally towards the psychological $2,000 level. The Pectra upgrade, expected by April 30th, will bring technical improvements to the network’s efficiency, usability, and security. The MVRV pricing band was at $1,367, and historically, retests of this band have formed price bottoms. Over the past two weeks, ETH has seen a 20.8% price bounce, but its long-term downtrend remains unbroken. Traders are optimistic about ETH’s performance over the next week or two.
Ireland’s Ethereum Hackathon and Conference Returns for Third Edition
Ireland’s only Ethereum-focused hackathon and conference, ETH Dublin, is back for its third edition at Dogpatch Labs, CHQ Building this May. The event aims to strengthen the Ethereum community in Ireland through expertly led talks and entrepreneurial challenges. Attendees can expect a weekend of experimentation and creation, with featured guests including Ethereum Co-founder Vitalik Buterin and Avara Founder Stani Kulechov. ETH Ireland’s Co-founder Caolán Walsh noted that the event has two paths: a conference for those curious about decentralised technology and a hackathon for those already using it. They are committed to promoting on-chain social impact benefits and invite anyone with an inquisitive mind to participate.
Ethereum ETFs Witness Inflows as ETH Rallies Above $1,800
Ethereum ETFs have seen inflows after a 10-day drought, coinciding with Ethereum’s 5% rally in the last 24 hours. This rally also put pressure on short positions in the derivative market. The cumulative total net inflow for Ethereum ETFs now stands at $2.26 billion, with total net assets reaching $5.66 billion. Among individual Ethereum ETFs, BlackRock’s ETHA product on the NASDAQ has emerged as the market leader, with a 0.31% increase and total net inflows worth $4.05 billion, resulting in net assets of $2.00 billion on April 22. Grayscale’s ETH product traded on the NYSE also saw a slight increase of 0.17%.
Ethereum vs. Gold: Market Battle Heats Up
Gold has seen a sharp, almost euphoric surge, prompting warnings from seasoned market analysts like Michael Van De Poppe about a potential risk-off reversal. However, Ethereum has bounced back above $1,700, hinting at a continued risk-on appetite in the market. The divergence between gold and ETH as they both climb could signal a macro shift or simply be market noise.
Ethereum Market Cap Jumps 12%, Targeting $2,000 Milestone
Ethereum, the top altcoin, has seen a significant surge in its market capitalization, increasing by 12% over the past 24 hours. This robust price trajectory has brought Ethereum closer to the $2,000 mark. According to on-chain data, there is only modest resistance ahead, with the largest potential sell wall NEAR $1,860. If this zone gives way, a move back toward the psychological $2,000 level looks increasingly likely. Ethereum continues to be a notable player in the crypto market, attracting attention from investors and analysts alike.
