$ETH $ETH Similarly, Ethereum (ETH) is following a stable upward trajectory, consistently maintaining above the 2,500 USD threshold. The sustained performance of the two major cryptocurrencies, by market capitalization, provides a foundation for potential growth, explains Bitget.

The current momentum is driven by a combination of macroeconomic factors specific to the market. In the case of Bitcoin, institutional adoption through ETFs, a decrease in supply following the halving, and the possible easing of interest rates in the US contribute to the price increase. For Ethereum, the Pectra upgrade, which enhances scalability and reduces transaction costs, is a key factor. Additionally, the increasingly important role of Ethereum in DeFi ecosystems, the tokenization of real-world assets (RWA), and potential capital inflows through ETFs support a positive outlook, according to Bitget's analysis.