$ETH thereum (ETH) has experienced a significant surge, currently trading at approximately $2,215. This marks a 16.8% increase over the past 24 hours, with intraday highs reaching $2,235.58 and lows at $1,896.75.

🔧 Key Drivers of ETH’s Rally

• Pectra Upgrade: The recent Pectra upgrade has bolstered investor confidence, contributing to ETH’s price surge. 

• Institutional Interest: Renewed accumulation by large holders, or “whales,” has also played a role in driving the price upward. 

• Technical Indicators: ETH has reclaimed crucial support levels, suggesting potential for further gains if these levels hold.