Ethereum Surges 18% In 24 Hours, Hits $2200: Bull Market Here?
Ethereum (ETH) has reclaimed the $2200 price level amid a market-wide resurgence. CoinGecko data shows that ETH’s price has risen by 18% in the last 24 hours, 19.7% in the weekly charts, and 17.4% over the previous month. Ethereum’s (ETH) latest price rally is one of its most significant in 2026. Let’s discuss why the market is up today and if we are entering another bull run.
Why Is Ethereum Rallying Today?
Ethereum’s (ETH) latest price rally comes after US President Donald Trump hosted CEOs from several crypto companies, including Ripple and Coinbase, at the White House. During the event, the President stated that the US is considering purchasing “sizable” amounts of Bitcoin (BTC) and other cryptocurrencies. The statement may have greatly elevated investor sentiment. Bitcoin (BTC) in inching closer to the $70,000 price level, pulling the larger cryptocurrency market along with it. Ethereum (ETH) is also riding the ongoing market wave.
While Ethereum (ETH) and the larger cryptocurrency market is experiencing an upswing, the tech stock sector is receding. It is possible that liquidity from the stock market is entering the cryptocurrency market.
