$ETH

The increase in ETH price is due to several factors:

Network upgrades: Improving performance, reducing transaction fees (such as recent and upcoming upgrades).

Growing ecosystem: DeFi, NFT, and other applications on Ethereum are becoming increasingly popular, increasing the demand for ETH.

ETF potential: The possibility of approving a spot Ethereum ETF attracts traditional investors.

General market and sentiment: The upward trend of the overall cryptocurrency market and growing interest.

ETH staking: The amount of ETH locked for staking is increasing, reducing circulating supply.

$ETH User growth: The number of people holding and using ETH is increasing.

These factors combined drive the demand and value of Ethereum.