Ethereum price is up today as an uptick in network activity and investors’ expectation of a spot ETF approval in 2024 raise interest in ETH.
In the weeks leading up to the spot Bitcoin ETF approval, Ether (ETH) price secured a year-to-date high above $2,700 but sold off alongside the wider market after the ETF approval. This week, Ether price aims to kick-start a recovery that is fueled by increasing network activity
Let’s look at the factors driving Ether’s price.
Ethereum, the largest layer 1 blockchain by total value locked, is witnessing a significant rise in network activity.
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