Ethereum is trading at approximately $2,440, marking a 1.87% increase over the past 24 hours. ETH’s intraday range spans $2,386 to $2,474, with a market capitalization of nearly $295 billion. The price surge is fueled by increasing institutional interest in ETH ETFs and optimism following recent protocol enhancements, including the “Pectra” upgrade that has improved scalability and validator performance.
With a firm technical foundation above $2,430, Ethereum is positioned to potentially test the $2,600 to $2,700 level, supported by growing DeFi, NFT, and enterprise adoption.