what is going ETH #ETH $ETH

As of March 10, 2025, here's the latest update on Ethereum (ETH):

Price Information

The current price of Ethereum is $1,750. Over the past 24 hours, it has experienced a slight increase of 2%.

Recent Developments

Dencun Upgrade: On March 13, 2024, Ethereum implemented the "Dencun" upgrade, also known as the "Deneb-Cancun" upgrade. This update significantly reduced transaction fees on various Layer 2 networks built atop the Ethereum blockchain, enhancing the efficiency and affordability of decentralized applications.

Transition to Proof-of-Stake: On September 15, 2022, Ethereum transitioned from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism through an upgrade known as "The Merge." This shift reduced Ethereum's energy consumption by approximately 99%, addressing environmental concerns associated with blockchain technologies.

Environmental Impact

The move to PoS has significantly lowered Ethereum's carbon footprint, making it a more sustainable platform for decentralized applications and non-fungible tokens (NFTs).

Enterprise Adoption

The Enterprise Ethereum Alliance (EEA), established in 2017, continues to grow, with numerous Fortune 500 companies exploring Ethereum's capabilities for various applications. In 2024, Paul Brody of EY was appointed as the new chairperson, and Karen Scarbrough of Microsoft became the executive director, signaling ongoing corporate interest and investment in Ethereum's potential.

Please note that cryptocurrency markets are highly volatile. For the most current information, consult reputable financial news sources or official Ethereum channels.