Ethereum (ETH) is once again in the green today, after gaining more than 8% in the last 24 hours to reach its current value of $277. Against Bitcoin (BTC), Ethereum is also performing similarly well, and is up more than six percent against the number one cryptocurrency in the last day.

Ethereum
ETH
+48.80%$2,671.18
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ETH price

As it stands, Ethereum has pushed through the $270 resistance which it briefly touched several times in the last day, and is now testing $280.

This bullish price action interrupts three straight days of decline for the cryptocurrency, which fell from a peak of more than $286 on Saturday, down to a low of $245 yesterday. Overall, the cryptocurrency is up more than 7% for the week and 50% for the month, making it one of the best performers over all short-term timescales.

It isn't just Ethereum that's back on the up and up; most other altcoins have also returned to life today, with every cryptocurrency in the top 20 by market capitalization now strongly in the green. In total, almost $7 billion was added to the combined market capitalization of all cryptocurrencies, bringing the total crypto market cap to over $289 billion.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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