On April 26, 2025, the price of Ethereum ($ETH ) experienced a significant increase, trading above $1,800, recording a daily increase of 2.08%.
This increase was driven by several key factors:
1. Influx of Institutional Funds: Fidelity's Ethereum ETF recorded a net inflow of $35.9 million on April 26, 2025, indicating increased institutional interest in Ethereum.
2. Increased Network Activity: Ethereum transaction volume rose by 9%, with over 1.2 million transactions processed, reflecting strong network activity.
3. Positive Momentum in the Crypto Market: The crypto market as a whole showed optimism, with Bitcoin (BTC) trading close to $92,500 and total market capitalization nearing $3 trillion.