🪙 Ethereum (ETH) Price Update: November 19, 2024

Ethereum is currently trading at $3,105.32, showing a 1.1% increase in the past 24 hours but a 5.79% decline over the past week. Over the last month, ETH has risen by over 17%, supported by ecosystem developments and growing institutional interest 🥔

⚔️ The upcoming “Dencun” upgrade, including Proto-Danksharding (EIP-4844), aims to enhance scalability and reduce transaction costs. Meanwhile, the launch of spot Ethereum ETFs has boosted access for traditional investors, driving long-term demand .

☺️ Short-term projections place Ethereum’s price between $3,150 and $3,250, though market volatility remains a key factor .