Ethereum (ETH) is experiencing strong growth, surpassing the $2,000 mark after the Pectra upgrade, improving wallets, staking, and scalability, pushing the price up 20% in 24 hours. Positive crypto news with the total market capitalization hitting $3.1 trillion, supported by a "risk-on" sentiment from the US-UK trade agreement and signs of tariff reductions with China. The Bank of England cut interest rates to 4.25%, while the Fed maintained its rate at 4.25-4.5%, facilitating capital inflow into crypto. On-chain data shows investors accumulating 1.11 million ETH, with open interest increasing by 21%, reinforcing the upward momentum. However, short-term correction risks remain.
