$ETH The recent increase in the value of Ethereum is due to several key factors. Primarily, the successful upgrade that has reduced transaction fees on layer 2, driving adoption. Additionally, the growing institutional interest, especially the potential approval of spot Ethereum ETFs, is generating optimism.

Technically, Ethereum has shown a solid recovery after overcoming resistances. Although caution is advised due to market volatility, the current rebound appears to be based on technological improvements, institutional interest, and a favorable technical outlook, suggesting a possible continuation of the bullish momentum.