The broader market recovery, spearheaded by Cardano's ADA, has positively influenced Ethereum's price movement today. Ethereum's rise is part of a larger trend among major cryptocurrencies, as reflected in the CoinDesk 20 index. Additionally, the positive sentiment surrounding AI Agent tokens, which have seen significant gains on Binance spot listings, has further bolstered the market's overall optimism. This supportive environment has contributed to Ethereum's upward trajectory.
The Volatility Shares Trust 2x Ether ETF (ETHU) experienced a modest increase, rising 0.54% to $7.39 as of 8:00 AM on Friday, January 10.