Ethereum's current price is around $3,042.11, with a market cap of $357.75 billion ¹. The coin has seen a significant surge, with a 2.60% increase in price and a 7.38% rise in the past 24 hours ².

In recent news, the Ethereum Foundation sold 10,000 ETH to SharpLink Gaming at a discounted price, just before Ether briefly surpassed $3,000 ³. Additionally, the Ethereum Foundation is working on introducing zero-knowledge technology to Ethereum, with plans to launch a zkEVM on the layer-1 network within a year ³.

Institutional investors are also showing interest in Ethereum, with BlackRock's Bitcoin and Ether funds being the biggest beneficiaries of recent net inflows ³. Furthermore, Ethereum's price rally is backed by soaring institutional investor flows and a bullish market structure, making a rally to $3,000 possible ⁴.

Overall, Ethereum's current performance and recent developments indicate a positive trend for the coin.