Ethereum ($ETH ) has seen a slight drop in price today. According to MyToken data, ETH's current price is $2,428.18, with a 24-hour trading volume of $13,630,914,927.6, down 2.44% in the past 24 hours. In the data from Beecha, the price of $ETH is $2,426.11, with a 24-hour trading volume of $10.9774 billion, also down 2.36% in the past 24 hours.

Market analysts believe that ETH has performed better than BTC, with the $ETH /BTC cross rate rising from 0.038 on Friday to 0.0415 today. The recent skew of ETH in the options market has shifted from bearish to bullish, and ETH's implied volatility is 9% higher than BTC, indicating that the market is optimistic about ETH's upward movement and expects greater volatility.

The Ethereum 2.0 upgrade and increased network usage have also had a positive impact on ETH prices. As global markets enter a rate-cutting cycle, some analysts suggest locking in higher yields through ETH CFCC in preparation for the end of the year.

Investors and analysts continue to focus on Ethereum’s development trends and technological upgrades, which may have an impact on ETH’s price. Ethereum’s security and smart contract capabilities make it a popular platform for developers to build decentralized applications (DApps).

Overall, the ETH market may usher in new volatility and growth opportunities after a relatively quiet period.