$ETH Here’s the English translation of the recent factors that contributed to Ethereum's (ETH) rise on May 10, 2025:

Key Factors Behind ETH’s Surge Above $3,100

1. Increase in Staking Activity

A growing portion of ETH has been locked in the Proof-of-Stake protocol, reducing the circulating supply.

Lower supply combined with steady or rising demand drives prices upward.

2. Whale Accumulation

On-chain data revealed that large investors ("whales") have been buying significant amounts of ETH.

Such accumulation often signals market confidence and anticipated upward momentum.

3. Strong Layer 2 Ecosystem Activity

Usage of Ethereum Layer 2 solutions like Arbitrum and Optimism has grown significantly, leading to more ETH being used for transaction fees.

4. Optimism Around Spot ETF Approval

Reports suggest the U.S. SEC may soon approve spot Ethereum ETFs, boosting investor sentiment and institutional interest.

5. Improved Global Market Sentiment

Stabilizing global financial markets and easing inflation have increased investor appetite for digital assets like ETH.

6. Positive Technical Development Outlook

Ethereum developers continue to progress on upgrades such as "Verkle Trees" and "Danksharding," strengthening long-term network efficiency and scalability.