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What's Behind Ether's (ETH) Latest Rally


Ether (CRYPTO: ETH) is skyrocketing right now. The second-largest crypto (measured by total market value) was up 5.2% in 24 hours as of 2 p.m. ET on Wednesday. The one-day jump was even larger on Wednesday morning, as the Ethereum blockchain token's rocket ride started on Tuesday afternoon. For example, it posted a 24-hour gain of 9.3% just before 8 a.m. ET today.

The big jump was powered by several smaller catalysts, working together to drive Ether's price higher.

Image source: Getty Images.

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Source Fool.com

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