The recent performance of ETH at $ETH has been impressive, with the current price around $3680, a 24-hour increase of 7.46%, and a trading volume of approximately $19.5 billion, indicating strong liquidity. Its price rise is attributed to two main factors: first, network upgrades, such as the continuous advancement of ETH 2.0, which enhances scalability and energy efficiency; second, the growth of DeFi and NFTs, which rely on Ethereum smart contracts, boosting its appeal. However, the ever-changing global regulatory policies also bring uncertainty to the ETH market.