On May 9, 2025, the price of Ethereum (ETH) surged sharply by 20% in 24 hours, reaching $2200, according to analysts from Coinpedia and data from Coinbase. This jump is one of the largest single-day increases in recent months, with trading volumes rising to $38.64 billion in a day. The main reason was the successful launch of the Pectra upgrade, which improved network efficiency and reduced transaction costs. Additionally, there is a growing interest from institutional investors through ETFs and accumulation by major market players. Community sentiment remains bullish, and the volume of burned tokens after the upgrade reached 38,000 ETH in a day. Will Ethereum continue to rise? Find out first by subscribing to #MiningUpdates
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