Ethereum Prices Surge Above $2000 Amid Broader Crypto Rally

The Ethereum (ETH) market is experiencing a surge in prices, with the cryptocurrency surpassing $2000 amid a broader crypto rally.

According to on-chain data, whales are accumulating ETH, with one notable purchase of $14.5 million at an average price of $2,079.

The Coinbase Premium Index has also moved above zero for the first time since early January, indicating stronger buying pressure from US-based investors.