The second-largest cryptocurrency by market capitalization has gained 9.6% over the past 24 hours, breaking through the $2800 level and reaching values last seen at the beginning of August.
The ETH/BTC pair rose by 8.5% in the last 24 hours. The DeFi segment’s market capitalization increased by 6.7%, similar to the growth in the RWA sector.
At the time of writing, the total market value of Ethereum is approximately $341 billion, with the asset trading at $2820.
Previously, the Ethereum-to-Bitcoin capitalization ratio fell to its lowest level since April 2021.
