$USDC

The price of ether rises when demand for it increases from investors and users, while the supply remains the same or decreases in the market. The more people or institutions buy ether, the less available supply there is, and the price rises as a result.

One of the key factors that leads to increased demand is media interest and buzz around ether. When the media talks about its rising price or its adoption by large companies, many people feel that the opportunity is promising, so they rush to buy, driving the price up.

Additionally, the adoption of ether by major companies, governments, or banks enhances people's confidence in this currency. For example, if a company like "PayPal" or "Tesla" announces that it accepts payments in ether, this encourages investors to buy, raising the price.

On the other hand, scarcity plays a significant role. Ether is limited to a maximum of 21 million coins only. Every approximately 4 years, an event known as "Ethereum Halving" occurs, where the rate of new coin production is cut in half, reducing the supply, and consequently, the price rises if demand remains steady or increases.