Ethereum Jumps 10% As Crypto Trade Reignites

Ethereum jumped 10% on June 15 to about $1,800 as crypto buying returned after news that the U.S. and Iran agreed to reopen the Strait of Hormuz, easing pressure on crude oil and improving risk sentiment. The move marked Ethereum’s biggest one-day percentage gain since Feb. 25. The rally lifted ETH’s market cap to $219.6 billion, though it remains far below its peak of $583.89 billion and still about 63% under its all-time high of $4,955.90 set on Aug. 24 of last year. Trading volume over the prior 24 hours was $16.19 billion, or 18.69% of total crypto volume. The article notes ETH has struggled to stay above the key $2,000 support level, but some analysts and crypto leaders are now calling a bottom in digital assets.