$ETH 📉 24‑Hour Price Recap

• Current Price: ~$2,529.07, down roughly 0.06% in the past 24 hours.  

• Intraday Range: High of ~$2,699.50; low of ~$2,465.99.

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📰 Key Market Drivers

• Stablecoin Demand: ETH is gaining support as ~50% of stablecoins are issued on its blockchain. This structural demand has recently boosted ETH, outperforming BTC and SOL over the past week—up ~2.4%, even though prices currently sit ~3.3% below last Friday’s peak ($2,557) .

• Ecosystem Momentum: The “Pectra” upgrade has improved transaction speed and affordability, further strengthening Ethereum’s role in smart contracts and tokenized money-market funds by institutional giants like BlackRock and Fidelity. 

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🔍 Outlook & Strategy

Short Term: Expect volatility as investors digest stablecoin dynamics and macro news.

Medium/Long Term: With ongoing structural upgrades, regulatory clarity, and heavy institutional participation, Ethereum demonstrates durable upside potential.

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✅ Executive Summary

Over the last 24 hours, ETH has remained relatively flat after testing a wide intraday range. Broader market sentiment is increasingly upbeat, backed by stablecoin-led demand and continued on-chain improvements. Investors should watch key catalysts like further protocol upgrades and regulatory developments around stablecoins.