Ethereum's price movement today has been influenced by several key developments. The introduction of MetaMask's "Gas Station" feature has addressed a significant pain point for Ethereum users by integrating gas fees directly into swap transactions, eliminating the need for separate ETH balances. This update, coupled with Ethereum's recent increase in its gas limit, has improved network efficiency and eased congestion, contributing to a more favorable market sentiment. Additionally, Eric Trump's endorsement of Ethereum and the temporary halt on U.S. tariffs on Canada and Mexico have further bolstered investor confidence, leading to a recovery in Ethereum's price.
The market's positive response to these developments is evident in Ethereum's price performance today. After experiencing a sharp drop due to tariff-related uncertainties, Ethereum has rebounded, with institutional interest also playing a role. Fidelity's recent purchase of $49.75 million worth of Ethereum underscores the growing institutional confidence in the cryptocurrency. These factors have collectively contributed to Ethereum's upward trajectory, despite the broader market volatility.
Ethereum's price has increased by 0.88% today, reaching $2,756.08, with a high of $2,784.70 and a low of $2,701.24.