Crypto Market Sees Surge as Ethereum Leads Charge

The cryptocurrency market has seen significant gains in recent weeks, with Ethereum (ETH) leading the charge. ETH has pumped 27% this week after sentiment turned positive, with Bitcoin's lead pulling most of the market higher.

Ethereum shot up from $1,800 and reached a resistance level at $2,400, which is now considered a key support level. If $2,400 holds as support, Ethereum could turn bullish for the first time in over a year.

Other cryptocurrencies, such as Ripple (XRP) and Cardano (ADA), have also seen significant gains. XRP has rallied 31% in one week, completely reversing losses since June. ADA closed 14% higher, placing it on a collision course with the resistance at $0.23.