🔹 Why Is Ethereum (ETH) Price Up Today?

Ethereum $ETH is trading at $3,154.80, reflecting a 1.88% increase over the past 24 hours. This upward move is largely supported by a sharp rise in market activity, as 24-hour trading volume surged to $14.87B, up 133.95%, signaling renewed interest from both retail and institutional participants. ETH’s market cap now stands at $380.76B, keeping it firmly positioned as the second-largest cryptocurrency by market value.

The volume-to-market cap ratio of 3.91% suggests healthy liquidity rather than thin, speculative trading. This indicates that today’s price movement is backed by real demand and broader market participation. Ethereum’s circulating supply of 120.69M ETH matches its total supply, and with no fixed maximum supply, price action is heavily influenced by usage, adoption, and network activity.

Growing confidence in Ethereum’s ecosystem—including DeFi, NFTs, and Layer-2 scaling solutions—continues to support demand for ETH. Additionally, positive sentiment across the broader crypto market often amplifies moves in major assets like Ethereum.

Overall, ETH’s price increase today appears driven by strong volume inflows, solid liquidity, and sustained confidence in Ethereum’s long-term utility, rather than short-term speculation.

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