$ETH As of May 9, 2025, Ethereum (ETH) is trading at approximately $2,315.44 USD, reflecting a 15.72% increase over the past 24 hours.

This significant surge is attributed to several factors:

Institutional Inflows: Over $5 billion has flowed into Bitcoin ETFs recently, indicating strong institutional interest.

Regulatory Developments: The approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission (SEC) has provided traditional investors with easier access to the cryptocurrency market.

Strategic Bitcoin Reserve: The establishment of a U.S. Strategic Bitcoin Reserve has further legitimized Bitcoin as a national asset.

Analysts project that if the current momentum continues, Ethereum could potentially reach new all-time highs, with some projections targeting $18,000 or more.