$ETH

As of March 5, 2025, Ethereum (ETH) is trading at approximately $2,203.04, reflecting a 6.92% increase over the past 24 hours.

Recent Developments:

Pectra Upgrade Progress: Ethereum's anticipated 'Pectra' upgrade was successfully deployed on the Sepolia testnet today. This update introduces features like increased validator stake limits and smart contract capabilities for wallets. However, a recent failed test on the Holesky testnet has raised concerns about potential delays for the mainnet launch.

U.S. Crypto Strategic Reserve: President Donald Trump announced plans to establish a U.S. Crypto Strategic Reserve, including major cryptocurrencies such as Bitcoin, Ethereum, Ripple, Solana, and Cardano. This initiative aims to position the United States as a leader in the crypto space and has contributed to recent market rallies.

North Korean Cyber Heist: North Korean hackers, identified as the Lazarus Group, executed a significant theft, stealing over $1.5 billion in Ethereum from the crypto exchange Bybit. This incident has heightened concerns about security