Ethereum's price is rising significantly, reaching $2750 after increasing by about 100% since April. Analysts say there are three reasons behind this rise:

Increased usage of stablecoins and tokenized assets,

large institutions have started using Ethereum's Layer 2 networks,

and also, some people who had short positions on Ethereum began to close them, which increased demand.

The Ethereum Foundation announced an initiative called "Trillion Dollar Security"

to strengthen their network and prepare for the large global financial demand.

This plan includes three things:

analyzing vulnerabilities,

fixing high risks,

and improving security cooperation across the system.

In another news,

one of the major investors at Bitwise says

the current state of the crypto market is like the internet market in 2004.

Bitcoin is king, but history shows that investment diversification can yield better returns.

#Ethereum_Rise