$ETH $ETH Today the crypto market is in a positive trend. Today when Bitcoin is booming, Ethereum and other Altcoins are also following the same.
Big institutions are taking more interest in Ethereum. There has been a positive trend in the Ethereum market.
There are constant upgrades in the Ethereum network and its development is increasing rapidly. Due to the improvement in the Ethereum network, its scalability is also increasing.
If we look at the example, there is a discussion of its Petra upgrade, which can bring more improvements to the network.
Ethereum is used a lot for defi and NFT. Due to whatever activity happens in these areas, the demand for Ethereum keeps increasing.
The number of people staking in Ethereum is increasing, the amount of staking is also increasing, due to this also its price is seen increasing a lot.
The change in interest rates in America also brings changes in the cryptocurrency market. This is considered its macroeconomic factor.