Spot Ethereum ETFs, including BlackRock’s iShares Ethereum Trust (ETHA), have surged significantly, leading to Ethereum (ETH) price surpassing $2,400 for the first time since March.
The Ethereum ETFs' rally is attributed to positive developments within the Ethereum ecosystem, enhancing its competitive edge against other cryptocurrencies like Solana.
Ethereum saw a 25% surge after the implementation of the Pectra upgrade, focusing on enhancing transaction capacity and efficiency to stay competitive in the market.
While Ethereum ETFs experienced mixed movements, with cautious investor sentiment, recent gains and developments, such as the Pectra upgrade, will likely influence Ethereum's future performance.
Ethereum co-founder Vitalik Buterin celebrated the crypto's eighth anniversary in India on July 30, 2023.
During the celebration in Bengaluru, Polygon co-founder Sandeep Nailwal shared pictures of Vitalik enjoying Indian delicacies, including ghevar and masala dosa.
Ethereum, the world's second-largest cryptocurrency, had its official launch on July 30, 2015.