$ETH **📈 Ethereum (ETH) breaks $2,700: What is driving the rally?**
Today, **Ethereum (ETH)** surpassed **$2,700**, marking a new high in weeks. This surge is due to several key factors:
1️⃣ **Expectations of spot ETFs**: Rumors about the possible approval of an **Ethereum ETF** in the U.S. are generating optimism, following the success of Bitcoin ETFs.
2️⃣ **Supply reduction**: With the burning of ETH after the **London Hard Fork** upgrade, the network has destroyed over **400,000 ETH**, increasing its scarcity.
3️⃣ **Institutional adoption**: Large funds and companies continue to accumulate ETH, anticipating a surge in the next bullish phase.
4️⃣ **Technical improvements**: The network continues to progress towards **Ethereum 2.0**, enhancing its scalability and efficiency.
🔮 **Will it continue to rise?** If the market maintains momentum and ETFs are approved, ETH could target **$3,000**. However, volatility remains high. Stay tuned! 🚀
