Ethereum (ETH/USD) has surged over 10% Tuesday as the entire cryptocurrency market is is in the bull race again.
The second largest cryptocurrency has gained 10,80% over the past 24 hours and is trading above $700 at press time.
Ethereum has done a great job in terms of recovery with its price as low as $302 in mid-April to reaching more than double of its bottom value.
The surge comes despite reports on popular Ethereum wallet MyEthereWallet hack, which saw nearly $150,000 lost.
The cryptocurrency market is bouncing back from huge losses at the start of the year, with the total market capitalization crossing $432 billion on Tuesday.
By Siranush Ghazanchyan