{"id":26012,"date":"2025-05-09T14:16:47","date_gmt":"2025-05-09T14:16:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=26012"},"modified":"2025-05-09T14:16:47","modified_gmt":"2025-05-09T14:16:47","slug":"ethereum-skyrockets-20-in-24-hours-what-is-driving-the-surge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26012","title":{"rendered":"Ethereum Skyrockets 20% In 24 Hours: What Is Driving The Surge?"},"content":{"rendered":"<div>\n<p><strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) has surged 20% in the past 24 hours to trade at $2,343, extending a two-week rally that has <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45314930\/ethereum-explodes-higher-largest-gain-in-four-years\">pushed the asset up 32%.<\/a> <\/p>\n<p>The move, however, still leaves it 52% below its all-time high of $4,878.26, recorded on November 10, 2021. <\/p>\n<p>But according to industry experts, this rebound reflects more than just a technical bounce\u2014it points to renewed conviction in Ethereum&#8217;s long-term structural role in the blockchain ecosystem.<\/p>\n<p><strong>What Experts Are Saying: <\/strong>Speaking with Benzinga, <strong>Steve Milton<\/strong>, Co-Founder and CEO of crypto infrastructure firm <strong>Fintopio<\/strong>, notes that the latest rally underscores Ethereum&#8217;s internal strength, independent of major institutional flows.<\/p>\n<p>&#8220;Ethereum&#8217;s latest rally, despite relatively modest ETF inflows, highlights how much strength still comes from within the crypto ecosystem itself,&#8221; he said. <\/p>\n<p>According to Milton, while many expected traditional finance to drive price action through the recent Ethereum ETF approvals, it was crypto-native capital that led the charge.<\/p>\n<p>&#8220;This move appears to be driven more by crypto-native capital than traditional institutional flows,&#8221; Milton added. &#8220;It reinforces the idea that Ethereum is increasingly seen as foundational infrastructure, not just a speculative asset.&#8221; <\/p>\n<p>He emphasized that Ethereum&#8217;s expanding role across decentralized finance (DeFi), Layer-2 scaling solutions, and smart contract platforms is now being reflected in investor behavior. &#8220;Narratives, whether negative or overly bullish, can often cloud real value. But strong fundamentals tend to come through over time, and Ethereum&#8217;s continued relevance shows &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45319226\/ethereum-skyrockets-20-in-24-hours-what-is-driving-the-surge\" alt=\"Ethereum\" skyrockets in hours: what is driving the surge>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (CRYPTO: ETH) has surged 20% in the past 24 hours to trade at $2,343, extending a two-week rally that has pushed the asset up 32%. The move, however, still leaves it 52% below its all-time high of $4,878.26, recorded on November 10, 2021. But according to industry experts, this rebound reflects more than just [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26012","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26012"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26012\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}