$ETH
As of June 13, 2025, Ethereum (ETH), the second-largest cryptocurrency after Bitcoin, continues to affirm its position as the backbone of the digital financial ecosystem. Currently, ETH is trading around $5,795 per coin, showing a 1.7% increase in the past 24 hours. This resurgence is primarily linked to increased inflows into Spot Ethereum ETFs in the U.S. and the expanding Decentralized Finance (DeFi) sector. Its total market capitalization stands at $701 billion, with a 24-hour trading volume reaching $28.5 billion.
Key Ethereum Trends and Why It's Crucial Now:
* Impact of Spot Ethereum ETFs: The approval of Spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC) has significantly boosted Ethereum's price. These ETFs have attracted new capital into the market by allowing traditional investors to easily trade ETH. Launched by prominent investment firms in May 2025, these funds have elevated Ethereum's legitimacy and acceptance.
* DeFi and NFT Growth: Ethereum remains the primary platform for numerous DeFi projects, NFTs, and other blockchain-based applications. The DeFi sector continues to grow in Total Value Locked (TVL), creating sustained demand for ETH.
* Technological Upgrades: The Ethereum network is undergoing significant upgrades, such as the "Pectra" (Prague + Electra) upgrade. These enhancements aim to improve the network's scalability, transaction speed, and cost-efficiency. The Pectra upgrade enhances peer-to-peer networking through the Ethereum Virtual Machine (EVM) Client Specification (EIP-7702), improving address ownership and transaction capabilities. This lays a stronger foundation for future Web3 applications on the Ethereum network.
* Supply Reduction: Since transitioning to Proof-of-Stake (PoS) in September 2022, over 2 million ETH have been burned, reducing the total supply on the network (currently only 120.18 million ETH in circulation). This deflationary trend helps push ETH's price upward.
