Ethereum Spikes Nearly 9% Over 24 Hours: Is $3000 Next?

Ethereum (CRYPTO: ETH) broke through $2,700 in a searing rally Tuesday, bolstered by improving macroeconomic conditions.

What happened: The second-largest cryptocurrency by capitalization soared over 8% in the last 24 hours, reaching levels last seen in the last week of February.

ETH’s trading volume jumped 10.30% to nearly $35 billion, indicating high liquidity and trader interest.

The upsurge made ETH the biggest large-cap cryptocurrency gainer over the last 24 hours, significantly outpacing Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP).

See Also: Bill Gates Left Behind By Satoshi Nakamoto: Bitcoin Creator’s Wealth Now Eclipses That Of Microsoft Co-Founder Amid Crypto’s Sharp Rebound

The rally also excited …

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