Ethereum was trading at $2,046.23 at 7:57 PM (16:57 GMT) on Wednesday, according to the Investing.com Index, up 10.08% on the day. This is the sharpest daily gain since February 25.
This increase has pushed Ethereum's market capitalization to $245.23B, representing 10.46% of the total cryptocurrency market capitalization. Ethereum's previous peak was $583.89B.
Over the past 24 hours, Ethereum has traded in a range of $1,846.80 to $2,046.23.
Over the past seven days, Ethereum has shown gains from a target price of 3.18%. Ethereum's trading volume over the past 24 hours was $21.19B, or 20.99% of the total cryptocurrency trading volume. Over the past 7 days, the price has fluctuated between $1,804,0203 and $2,046,2349.
Meanwhile, other cryptocurrencies
Bitcoin traded at $68,223.5 according to the Investing.com Index, up 6.07% on the day.
Tether USDt traded at $1,0007 according to the Investing.com Index, up 0.05%.
Bitcoin's market capitalization is $1,359.15B, or 57.98% of the total cryptocurrency market capitalization.
At the same time, Tether USDt's capitalization is $183.65B, or 7.83% of the total market capitalization.