Ethereum is currently trading at approximately $2,525.68, reflecting a significant surge of over 30% in the past week. This rally has propelled its market capitalization beyond $305 billion, solidifying its position as the second-largest cryptocurrency after Bitcoin.
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🚀 Key Drivers Behind the Surge
Pectra Upgrade: Ethereum's recent Pectra hard fork has been a major catalyst. This upgrade enhances transaction speed and cost efficiency by implementing 11 Ethereum Improvement Proposals (EIPs), including increasing the staking cap from 32 to 2,048 ETH per validator .
