$ETH Ethereum has experienced a significant price surge now. rallying over 15% in the past 24 hours to surpass the $1,800 mark. This upward movement outpaces Bitcoin's 6% gain and the broader crypto market's 5% increase during the same period.

Short covering and CME basic compression future basis 20% in November 2024 to around 5% in April 2025- has alleviated arbitrage pressures.

Institutional interest and EFT developments one of the main reasons to pump the market.Securities and Exchange Commission has bolstered investor confidence.

Market sentiment and technical indicators is one more reason to pump ETH.$ETH