Ethereum (ETH) is outpacing other large-cap crypto assets today, March 16, gaining over 9% in the past 24 hours. The price surge comes against a backdrop of large ETH buys, including from two early crypto investors, on-chain data shows.
ETH briefly touched $2,300 today and is currently trading around $2,280, up 9% on the day. Bitcoin (BTC) is up 2.8% today, while the remaining top-20 large-caps are mostly seeing gains between 2-6%. After ETH, Layer 1 Cardano (ADA) is up the most, gaining about 8% today, while total market cap surged 3.4%.
While today’s rally pushed ETH to its highest price in a month, the asset is still down about 30% from its mid-January levels, when ETH was trading over $3,300, and over 50% below its all-time high near $5,000, which it hit last August.
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