Ethereum (ETH) has shown a 6.93% price increase in the last 24 hours, trading at around $2,558.65.
Ethereum Foundation announced changes in its leadership structure, appointing new Co-Executive Directors and a President, leading to positive market sentiment.
While Ethereum is on a bullish climb, Bitcoin (BTC) and other cryptocurrencies have shown smaller gains or remained flat.
Technical analysis suggests Ethereum is approaching resistance levels, with market outlook uncertain. Traders are monitoring the situation closely.