As CryptoPotato reported yesterday, red had conquered the entire crypto market, and losses were coming from all directions. The high-flyer Ethereum went from its ATH at the time of $4,200 to below $3,700 in hours.
However, the situation has reversed entirely since then. ETH is a valid example of this after not only recovering all of its losses but emerging higher to its latest record that came just minutes ago at over $4,360. Despite sliding slightly since then, the second-largest crypto is still about 10% up on a 24-hour scale. Another notable achievement is that its market capitalization reached $500 billion for the first time.