Increase in Ethereum (ETH) Price

The price of Ethereum is currently around $2,700. In the last 24 hours, the price of ETH has increased by about 8%. The main reasons for this are the growing interest from institutional investors and improvements in the network.

🏦 Institutional Development

French bank Société Générale is set to launch a new US Dollar-pegged stablecoin 'USD CoinVertible (USDCV)' based on the Ethereum and Solana blockchains. This is expected to further increase the usage and recognition of the Ethereum network.