Ethereum (ETH) has surged over 10% in the last 24 hours, reaching a three-month high above $2,850.
The global crypto market cap has risen to $2.51 trillion, with Ethereum's market cap increasing by 13.37% to reach $343.12 billion.
DeFi has seen a 13.59% rise, contributing to Ethereum's rally, along with increased interest in decentralized finance sectors like LSDFi and LRTFi.
Whale activity has increased, with significant ETH offloading, but technical indicators suggest a strong uptrend with key support at $2,663 and resistance at $2,900.