Ethereum’s price currently hovers around the $2,500 level after recent market volatility. Liquidations totaling over $103.94 million in ETH have occurred as a result of this fluctuation. A brief but notable 1.66% surge has sparked a bullish trend in the cryptocurrency market, pushing the overall crypto market cap to $3.33 trillion. Despite this increase, Ethereum’s overall sentiment remains mixed as major assets see a lack of clear direction. The largest altcoin, Ethereum (ETH), has seen modest gains of 0.20% over the past 24 hours. However, Ethereum’s bearish momentum could pose a challenge to regaining bullish momentum. A sustained jump above $2,600 would accelerate this recovery. 24-hour trading volume has dipped by 1.27%, reaching $24.18 billion. Meanwhile, a significant liquidation event of $103.94 million worth of ETH has been observed on Coinglass data. Ethereum’s price has witnessed a steady increase of 62.61% in the last thirty days, progressing from approximately $1.5K at the start of the month to its current position near $2.6K. The market is observing a gradual but notable upward trend in Ethereum’s valuation.