Ethereum (ETH) successfully recaptured the critical $3,000 price level on Thursday, leading a small but noticeable recovery across the broader cryptocurrency market. The surge places ETH back into a key technical range, signaling renewed bullish interest after several weeks of consolidation and downward pressure.
ETH saw daily gains exceeding 4%, pushing its market capitalization significantly higher. The turnaround was mirrored by Bitcoin (BTC), which stabilized above $62,000, suggesting that the recent sell-off phase may be subsiding as retail and institutional investors cautiously re-enter positions.
Crucially, the crypto rebound occurred alongside an overall improvement in global market sentiment, largely attributed to a decrease in geopolitical uncertainty. Reports confirmed that US President Donald Trump decided to call off the previously proposed threat of imposing tariffs linked to trade discussions concerning Greenland.
Analysts noted that the de-escalation of potential trade conflicts reduced global risk aversion, providing a tailwind for high-volatility assets like cryptocurrencies. While the $3,000 reclaim is technically significant for Ethereum, market participants remain watchful, needing confirmation of sustained macro stability to validate a long-term uptrend.
Source: Ethereum reclaims $3,000 amid minor crypto rebound as Trump calls off Greenland tariff threat
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