🚀 Ethereum Shines with Surging Prices: What’s Driving the Rally?
📈 ETH has surged +4.8% in the past 24 hours, now trading around $3,420, marking its strongest weekly momentum in over two months. The rally is fueled by a combination of rising DeFi activity, whale accumulation, and renewed optimism over potential spot Ethereum ETF approvals in the U.S.
🔍 On-chain data shows network activity at a 5-month high, with transaction volumes and active addresses climbing steadily. Gas fees have also risen — often a sign of heightened demand and network usage, particularly from NFT marketplaces and Layer-2 integrations.
📊 Analysts note that Ethereum’s liquid staking growth and the upcoming Dencun upgrade are adding long-term bullish pressure, with some forecasting a possible test of the $3,800–$4,000 zone if momentum holds.
