Ethereum Hits $2050 With 8.7% Daily Rally: Can It Hit $2300 Next?
The cryptocurrency market is showing signs of a recovery after its recent dip. Ethereum (ETH) has registered an 8.7% rally in the daily charts, a 5.3% rally in the weekly charts, and a 6% rally in the 14-day charts, according to CoinGecko. The asset is currently one of the best-performing cryptocurrencies among the top 10 projects by market cap. Despite the rally, ETH’s price is still down by more than 29% over the previous month and nearly 17% since late February 2025. Let’s discuss whether Ethereum (ETH) will continue its upswing or face another correction. Source: CoinGecko Can Ethereum Sustain Its Price Rally? Source: Pixabay Ethereum’s (ETH) rebound comes amid a larger market resurgence. Bitcoin (BTC) reclaimed the $69,000 price level earlier today, and other assets seem to be following its trajectory. Crypto-related stocks, such as Circle, Coinbase, Strategy, and BitMine, also saw price jumps. Ethereum (ETH) experienced a similar rally earlier this month but face...