@georgiafast
Ethereum’s price nearing its all-time high is being driven by multiple converging factors. First, network activity has surged due to the growth of DeFi, Layer 2 scaling solutions, and tokenized real-world assets, all of which increase demand for ETH as gas. The successful rollout of protocol upgrades has improved transaction efficiency and reduced costs, boosting user adoption. Additionally, speculation around an imminent Ethereum ETF approval is attracting institutional inflows. Staking participation has reached record levels, locking up a significant portion of supply and creating upward price pressure. Market sentiment is further buoyed by Ethereum’s role in NFT and gaming ecosystems, which have seen renewed activity. These factors combined with broader bullish crypto momentum are propelling ETH close to its historical price peak.
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