Ethereum ($ETH ) has experienced a significant surge, climbing over 20% in the past 24 hours to reach approximately $2,336.52. This rally is attributed to several keys factor.
Pectra Upgrade: The successful implementation of the Pectra upgrade has enhanced network efficiency and scalability, boosting investor confidence.
Global Trade Developments: Positive sentiments from the recent US-UK trade agreement have contributed to the bullish momentum.
Increased Institutional Interest: A notable rise in$ETH trading volume, exceeding $46 billion, indicates heightened institutional participation.
Analysts suggest that if Ethereum $ETH maintains its current trajectory, it could test the $2,500 resistance level and potentially aim for $3,000 in the near term.