ETH Surges 3.18%, Trading Volume Reaches $13.37B

Ethereum (ETH) is currently trading at $2,584.89 with a 24-hour price increase of 3.18% and a trading volume of $13.37 billion, maintaining strong liquidity and a market capitalization of $310.25 billion. The recent price movement is attributed to ongoing macroeconomic developments, including heightened global trade tensions and volatility following the announcement of a 50% tariff on European Union imports by former U.S. President Donald Trump, as well as the continued impact of the Pectra network upgrade, which has supported market confidence and driven significant trading activity despite recent large-scale sell-offs and competition from other blockchain networks.