The rise in the price of Ethereum ($ETH ) is attributed to strong trading volume and market participation

Recently, the price of Ethereum broke through the $2,700 mark, thanks to a boost in strong trading volume and market participation. The asset is trading at around $2,790, up 5% within 24 hours, reflecting renewed buying interest and confidence among investors. The price trend shows resilience, maintaining above $2,750 throughout the day, indicating sustained buyer demand.

Market capitalization has also risen, reaching $336.81 billion, with trading volume surging over 40% to $26.8 billion. The ratio of trading volume to market capitalization is as high as 8.01%, highlighting an active trading environment and strong liquidity, which are crucial for supporting price increases. These indicators suggest that the rise in Ethereum is not merely a speculative behavior, but stems from genuine market participation and investor confidence.