According to Miles Deutscher on Twitter, Ethereum (ETH) is up 20% on the day, signaling a significant bullish momentum in the crypto market (source: @milesdeutscher). This rapid price increase reflects heightened trading activity and renewed investor confidence, likely driven by positive market sentiment, potential institutional inflows, and favorable macroeconomic factors. Traders should monitor ETH price action closely, as such strong upward moves often attract increased volatility, liquidations, and opportunities for both long and short strategies. The move has also sparked increased interest in related DeFi tokens and layer-2 solutions, highlighting potential spillover effects across the broader altcoin market.