$ETH

The price of Ethereum (ETH) is witnessing a noticeable increase, surpassing the $2300 barrier, recording a growth of 8.45% over the past 24 hours, with a daily trading volume of approximately $49 billion.

This increase is attributed to several factors, including the "Pectra" upgrade which has helped boost investor confidence, along with increased activity on the network and accumulation by whales, as one major investor added $8.88 million to their long position in Ethereum.

With the positive momentum continuing, analysts indicate the possibility of the price reaching higher levels, with expectations of hitting $3000 in the near future, especially with improved market indicators and increased institutional interest.

Considering these developments, the current period may be suitable for investors looking for opportunities in the cryptocurrency market, emphasizing the importance of conducting necessary research and understanding the risks associated with investing in this field.