The market analysis of Ethereum ($ETH ) is as follows:

Current Price: Approximately $2,487.26.

Price in RMB: approximately 18,080 yuan.

Ethereum’s recent price rise is mainly influenced by several factors. First, market sentiment continues to recover, especially the rise in Bitcoin and other mainstream cryptocurrencies, which has boosted the overall market. While investor optimism has driven the price of ETH, it has also led to a significant increase in its trading volume, which reached approximately $1.136 billion in the past 24 hours.

Secondly, the continuous expansion of Ethereum’s technical foundation and ecosystem is also the key to driving its price upward. Recently, with the launch of multiple new projects and important technical upgrades, especially the integration with Layer 2 solutions, Ethereum's usage scenarios and functions have been enhanced. This allows more developers and users to participate in the Ethereum ecosystem, thereby increasing the demand for ETH

Finally, the participation of institutional investors has also injected strong impetus into the rise of Ethereum. More and more investment funds and institutions are choosing to include Ethereum in their asset portfolios, especially after seeing its performance in the decentralized finance (DeFi) and non-fungible token (NFT) markets. Favor undoubtedly provides confidence for ETH’s long-term growth