Here's today's Ethereum update:
# Current Price
Ethereum's current price is around $2,477.40, with a slight decrease from the closing price of $2,516.4 on May 11, 2025. However, another source indicates the price as $2,490.68 with a 3% increase in the last 24 hours.
# Market Performance
- *Market Cap*: $300,259,909,562.66 or $3.436 trillion
- *24h Trading Volume*: $32,546,338,208.53 or $139.438 billion
- *Circulating Supply*: 120,730,193.691 ETH
- *All-Time High*: $4,721.07
# Recent News
- *Pectra Upgrade*: Ethereum's Pectra upgrade has introduced several enhancements, including improved wallet user experience and increased validator stake limits from 32 to 2,048 ETH.
- *Price Surge*: Ethereum's price has surged to $2,500 per token, its highest price since February, with a 40% increase in 3 days and 80% in 30 days.
- *Institutional Interest*: Goldman Sachs, BlackRock, and Abraxas Capital have boosted their Bitcoin and Ethereum holdings, signaling strong institutional interest in cryptocurrencies ¹ ².
# Market Trends
- *Bullish Sentiment*: Growing risk appetite and the Pectra upgrade have improved the Ethereum market's upside outlook.
- *Altcoin Season*: Some analysts predict an altcoin season, citing a sharp drop in Bitcoin dominance and rising ETH/BTC signals ².