Ethereum reached $ 4,000 for the first time since December 2021, as the market experienced an uptick.

This occurred as the cryptocurrency market experienced another bullish surge, pushing the market cap to $ 2.7 trillion. However, the climb was brief, with Ethereum’s price retracting to $ 3,900 shortly after as traders quickly secured their gains.

ETH’s price movement aligns with a broader bullish sentiment in the market. Despite the excitement, Ethereum’s trading volume only increased by 10% today. This suggests that long-term investors are choosing to hold onto their assets. 

Notably, Bitcoin also achieved a new all-time high of $ 70,000.