$ETH
Ethereum (ETH) has experienced a significant surge today, reaching a price of $2,305.28 USD. This marks a substantial increase from its previous close, with the price fluctuating between an intraday low of $2,039.95 and a high of $2,456.64.
The recent rally in Ethereum's price is attributed to several key factors:
Pectra Upgrade: Ethereum's recent "Pectra" network upgrade has enhanced scalability and efficiency, boosting investor confidence and contributing to the price surge.
Global Trade Developments: The announcement of a U.S.-U.K. trade agreement has positively impacted market sentiment, leading to increased investment in cryptocurrencies, including Ethereum.
Federal Reserve's Interest Rate Decision: The Federal Reserve's decision to maintain current interest rates has encouraged investors to seek alternative assets like cryptocurrencies, further propelling Ethereum's price upward.
