{"id":25938,"date":"2025-05-09T06:31:41","date_gmt":"2025-05-09T06:31:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25938"},"modified":"2025-05-09T06:31:41","modified_gmt":"2025-05-09T06:31:41","slug":"ethereum-eth-sees-best-day-since-2021-in-20-surge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25938","title":{"rendered":"Ethereum (ETH) Sees Best Day Since 2021 in 20% Surge"},"content":{"rendered":"
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Ethereum prices have skyrocketed almost 20% over the past 24 hours to reclaim $2,200 in a two-month high.<\/p>\n

ETH tapped $2,234 during Friday morning trading in Asia as it climbed from below $1,900 on Thursday. The asset has now gained 26% over the past fortnight and more than 50% over the past month, recovering from a dump to bear market lows around $1,400.<\/p>\n

The big move comes as the long-awaited Pectra update went live on mainnet<\/a> on May 7.<\/p>\n

Ethereum\u2019s Best Day Since 2021<\/h2>\n

According to CoinGlass, more than $280 million in short ETH positions were liquidated<\/a> over the past 24 hours.\u00a0It\u2019s Ethereum\u2019s best day since 2021, wrote Bankless on May 9; however, the asset has had several similar spurts of action over the past year.<\/p>\n

Between May 20 and 22 last year, ETH surged 23% from $3,070 to just below $3,800, and between November 6 and 10, it pumped almost 30% from $2,400 to over $3,100, so these moves are not unusual.<\/p>\n

Analysts are starting to turn bullish with longer-term predictions for ETH now that the asset has bounced off the bottom. \u2018MMCrypto\u2019 saw a target of $3,700 should the asset return to the top of this wedge pattern.<\/p>\n

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ETHEREUM TARGET: $3\u2019700 pic.twitter.com\/hNJkh4AajX<\/a><\/p>\n

\u2014 MMCrypto (@MMCrypto) May 9, 2025<\/a><\/p>\n<\/blockquote>\n