On April 23, 2025, the price of Ethereum ($ETH ) experienced a significant increase, trading above $1,780, recording a daily increase of 10.65%.

This increase was driven by several key factors:

**1. Increase in DeFi Activity:** The total value locked (TVL) in the Ethereum DeFi ecosystem reached $80 billion, the highest in the last two years. This indicates a significant recovery and strengthens Ethereum's dominance in the DeFi sector.

**2. Anticipation of the Pectra Upgrade:** The Pectra upgrade scheduled for the first quarter of 2025 aims to improve the efficiency and functionality of Ethereum through several Ethereum Improvement Proposals (EIPs), including EIP-3074, which introduces group transaction features and social recovery.

**3. Approval of Ethereum Spot ETF:** The approval of the Ethereum spot ETF in July 2025 is expected to increase institutional interest and investment in Ethereum, providing direct exposure to ETH through regulated and secure means.