There are several factors that can influence the price increase of Ethereum (ETH) on a given day. Some of these include:
1. Positive News News about new adoption, partnerships, or technological developments can trigger buying interest.
2. General Market Conditions If the cryptocurrency market as a whole is rising, this often affects the price of Ethereum as well.
3. Trading Volume An increase in trading volume often indicates heightened interest from investors.
4. Technical Analysis Traders often use technical analysis to predict price movements, and if ETH breaks through certain resistance levels, this could trigger further buying.
5. Macroeconomic Factors Broader economic factors, such as monetary policy or traditional market conditions, can also affect cryptocurrency prices.
6. Upgrades or Developments Announcements regarding network upgrades or significant changes in Ethereum's protocol can also be triggers.
For more accurate analysis, it's best to check the latest news or analyses released by trading platforms or cryptocurrency news sources.