Here's an update on Ethereum (ETH):

Current Price

The current price of Ethereum is $2,605, with a 2.13% increase in the last 24 hours. The market capitalization stands at $305.82 billion.

Recent Market Trends

- Ethereum has shown positive signs, potentially clearing the $1,800 resistance level.

- The cryptocurrency has outperformed in certain periods, with a 15% rally observed in previous months.

- Whales have been accumulating Ether, indicating potential long-term growth.

Key Developments

- *Ethereum ETFs*: Ethereum ETFs saw significant inflows, with $38.74 million added on a particular day, breaking a 10-day drought.

- *Security Initiatives*: Ethereum unveiled a "Trillion Dollar Security" initiative to enhance security measures.

- *Whale Activity*: A whale moved $35 million worth of Ethereum to Coinbase, indicating potential market movement ¹ ² ³.

Ecosystem Updates

- *Layer 2 Solutions*: Ethereum's layer 2 solutions are being developed to improve scalability and performance.

- *Partnerships and Adoption*: Ethereum-compatible XRP Ledger sidechain is live on testnet, expanding its ecosystem ² ³.