Ethereum’s latest network upgrade, rolled out on January 10, 2025, has ignited a 15% surge in its price, pushing it to $2,550. The upgrade, designed to enhance scalability and drastically reduce gas fees, has been met with widespread enthusiasm from developers and investors alike. The rally also lifted other altcoins, including Solana, which gained 10%, and Cardano, up by 8%. Analysts believe Ethereum’s continued innovation in decentralized finance (DeFi) and blockchain technology will attract increased institutional investment, solidifying its status as a dominant force in the crypto ecosystem.
Ethereum Upgrade Sparks Rally in Crypto Market
