ETH (Ethereum) rose 5.53% in the last 24 hours, reaching a high of 3167.93 dollars.

Gate News Bot news, on November 25, according to CoinMarketCap, as of the time of writing, ETH (Ethereum) is currently priced at 2946.92 USD, with a rise of 5.53% in the last 24 hours, reaching a high of 3167.93 USD and a low of 2626.87 USD, with a 24-hour volume of 31.546 billion USD. The current market capitalization is approximately 355.681 billion USD, an increase of 18.643 billion USD compared to yesterday.

Ethereum is a leading innovative application and blockchain network platform. It provides the infrastructure for decentralized applications (DApps) and smart contracts, supporting various use cases including decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). Ethereum is committed to building a more open and unbiased financial system, offering users innovative applications that protect privacy and empower asset ownership.

Important news about ETH recently:

1️⃣ Institutional investors increase ETH holdings The BlackRock wallet added 10,629 ETH in the past two hours, showing increased confidence from institutional investors in Ethereum. Meanwhile, BitMine Immersion Technologies purchased an additional 69,822 ETH last week, bringing their total holdings to 3,629,701 ETH, which accounts for 3% of the total ETH supply, reflecting large institutions' long-term optimism for ETH.

2️⃣ Surge in demand for derivatives market On November 21, the Chicago Mercantile Exchange (CME) saw a daily trading volume of 795,000 contracts in cryptocurrency futures and options, setting a new historical high. Since the beginning of this year, the average daily trading volume of CME cryptocurrency derivatives has reached 271,000 contracts, with a nominal value of $12 billion, representing a year-on-year increase of 132%. This reflects the trend of investors actively managing risks through compliant tools, providing support for the price of ETH.

3️⃣ Ethereum ecosystem network activity hits a new high The Ethereum ecosystem network has set a historical new high for daily TPS (transactions per second), with a 7-day average daily TPS of 364.52 and a peak TPS of 24,192. The L2 market share reached as high as 95.35%, reflecting a significant improvement in the scalability and activity of the Ethereum network.

In addition, from a technical perspective, the ETH price has broken through the 2900 USD mark, showing a short-term rise trend. However, there is still some volatility in the market, with some large holders reducing their positions at high levels, so investors need to closely monitor the subsequent trends.

This message is not intended as investment advice, and investors should be aware of market volatility risks.