#ETHBreaks2k Ethereum (ETH) has recently experienced a strong price surge, trading around $2,008.43 as of March 20, 2025. Several key factors contributed to this upward price trend.

Key factors driving ETH's price increase

1. Institutional investment & ETFs

Ethereum ETFs have seen increased inflows, signaling growing interest from institutions. This reflects the price action of Bitcoin after ETF approval, suggesting that ETH could follow a similar trajectory.

2. Network activity & Supply dynamics

Increased network activity has led to higher transaction fees, burning more ETH, and reducing its supply. This deflationary pressure supports higher prices.