Ethereum was trading at $4,706.46 by 06:00 (10:00 GMT) on the Investing.com Index on Wednesday, up 10.03% on the day. It was the largest one-day percentage gain since May 10.

The move upwards pushed Ethereum’s market cap up to $561.37B, or 13.74% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.

Ethereum had traded in a range of $4,566.19 to $4,708.46 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a rise in value, as it gained 28.42%. The volume of Ethereum traded in the twenty-four hours to time of writing was $64.17B or 28.74% of the total volume of all cryptocurrencies. It has traded in a range of $3,649.7471 to $4,708.4575 in the past 7 days.

At its current price, Ethereum is still down 3.24% from its all-time high of $4,864.06 set on November 10, 2021.

Elsewhere in cryptocurrency trading

Bitcoin was last at $120,115.8 on the Investing.com Index, up 1.41% on the day.

XRP was trading at $3.2885 on the Investing.com Index, a gain of 5.12%.

Bitcoin’s market cap was last at $2,387.95B or 58.44% of the total cryptocurrency market cap, while XRP’s market cap totaled $194.10B or 4.75% of the total cryptocurrency market value.