#ETHMarketWatch
Market Update – Ethereum (ETH)
Ethereum (ETH) has seen a notable rise this May, currently trading at $2,666.45, marking a 0.48% increase in the past 24 hours.
Key drivers behind this surge:
The launch of the Pectra upgrade, Ethereum’s biggest overhaul since the Merge in 2022, improving transaction speed and reducing fees.
An increased staking cap from 32 ETH to 2,048 ETH per validator, providing more flexibility for stakers.
Significant institutional inflows, with Ethereum ETFs recording $110.5 million in net inflows in a single day.
Although ETH is still trading about 37% below its all-time high, these positive developments suggest strong potential for continued growth.
Do you think ETH is on its way to breaking the $3,000 mark soon? Share your thoughts!
