The world’s second-largest cryptocurrency also surged in tandem with positively correlated Bitcoin, the flagship digital asset.
Ether (ETH) prices reclaimed $2,000 on Monday, increasing expectations that the latest rebound would serve as a cue for further upside moves based on bullish fundamental and technical outlooks.
“Ethereum targets $2,045 first,” noted Twitter-based independent market analyst Research 25/7, adding that the cryptocurrency is now surfing on the “recovery wave.”
The flagship cryptocurrency climbed to an intraday high of $35,301 ahead of the London session Monday. Meanwhile, its latest move upside prompted other correlated assets to rise in tandem, including Ether.