Ethereum is the Rockets, over $2,600, in a recent bullish run that woke up from a previous slump. The tokens saw an increase in trading volume after US payroll numbers fell.
Recent data from Crypto.News shows that ETH (ETH) is running bullishly, up 6% from previous prices. UTC peaked at $2,608.70 around 9:45, with other cryptocurrencies like XRP and SoL following the lead.
At the time of pressing, ETH increased by 5.54% over the past 24 hours. The token is currently trading hands at $2,590, and has received a slight revision from its previous peak. Despite the dip, it stays close to the $2,600 level.
Furthermore, ETH trading volume has increased by 83.7% compared to the previous trading day. Its daily trading volume is now $25.4 billion, indicating an increase in market activity.
Ethereum’s market capitalization is currently at $313 billion, an increase of 5.56%.
July 3, 2025, Ethereum price list for the last 24 hours of trading | Source: crypto.news
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Why is Ethereum soaring?
The assembly is facilitated by a combination of macroeconomic signals, institutional activities, and strengthening on-chain metrics. This shows the appetite of new investors in crypto assets.
In fact, one of the main drivers behind the ETH rally is the wave of optimism in traditional markets. The US salary number released earlier today is weaker than expected, and we hope that the Federal Reserve can cut interest rates faster.
Cryptocurrencies like Ethereum are experiencing new influxes, as lower fees reduce capital costs and increase demand for risky assets. Data from Sosovalue shows that despite the outflow of the Ethereum ETF at $1.82 million, its cumulative total net inflow is still high at $4.25 billion.
Another possible reason behind the boost is at a recent Ethereum Community Conference where co-founder Vitalik Buterin spoke about Crypto’s future, calling for false decentralization claims in the industry.
read more: Ethcc: Vitalik Buterin believes Crypto has reached the “inflection point”
