As of May 17, 2025, Ethereum (ETH) is trading at approximately $2,484.44 USD. In Pakistani Rupees (PKR), this equates to around ₨546,537, based on the current exchange rate.CoinGecko+1CoinMarketCap+1
Ethereum (ETH)
$2,484.44
-$94.52(-3.67%)Today
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Why Is Ethereum's Price Rising?
Several factors are contributing to Ethereum's recent price increase:
Pectra Upgrade: The recent Pectra upgrade has been positively received by the market, leading to a significant price surge. TradingView+2CoinDesk+2Cointelegraph+2
Institutional Interest: There has been a notable increase in institutional investment, with Ethereum's price up 35% this week, indicating strong buying momentum. 99Bitcoins
Security Initiatives: The Ethereum Foundation's launch of the "Trillion Dollar Security" initiative aims to enhance Ethereum's security, potentially boosting investor confidence. FXStreet
Pepe Coin (PEPE) has experienced significant volatility since its launch, with notable price fluctuations influenced by market sentiment and speculative trading pepe