$USDC

The price of Ether increases when demand from investors and users rises, in contrast to the supply remaining the same or decreasing in the market. As more people or institutions buy Ether, the available supply decreases, and the price rises as a result.

One of the main factors that leads to increased demand is media attention and buzz surrounding Ether. When the media talks about its price rising or its adoption by large companies, many people feel that the opportunity is promising, leading them to rush to buy, which pushes the price up.

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

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