$ETH Ethereum's current price is around $1,991.52, with a 24-hour trading volume of $17.25 billion ¹. The cryptocurrency has seen a significant price increase, rising by 4.88% in the past week ¹. However, it's still valued at 57.82% below its all-time high of $4,721.07 ¹.

In recent news, Ethereum developers are planning to end support for the Holesky testnet in September 2025, as part of the network's upgrade to Pectra ¹. Additionally, Standard Chartered has cut its 2025 ether price target by 60% to $4,000 ¹.

Other notable developments include the launch of Ethereum's "shadow fork" to continue Pectra upgrade research after the Holesky testnet mishap ¹. Furthermore, Ethereum researchers are working to prevent a major delay in the network's next Pectra upgrade ¹.

In terms of market trends, Ethereum's stablecoin dominance has grown, with USDC and USDT driving $850 billion in volume ¹. However, some analysts predict that Ethereum might continue to underperform Bitcoin in 2025 ¹.