Why is the price of Ethereum (ETH) rising today?

2025-07-14 19:35:59 分类：Digital Currency 阅读(674)

Ethereum

Why is the price of Ethereum (ETH) rising today？

Today, for the first time since February, the price of ETH has risen above $3,000. But why is Ethereum rising today？

The reasons could be three, and what we have witnessed should be the combined effect of these three contributing factors.

The crypto markets

First of all, there is a rebound in all crypto markets, driven by the new highs of Bitcoin.

Yesterday, for the first time in history, the price of Bitcoin exceeded $113,000, while today it even surpassed $118,000.

This small but significant boom in the BTC price has started to generate a principle of FOMO, and as often happens, the FOMO ended up spilling over into the entire crypto market in general.

Today practically all the main cryptocurrencies are in profit, so much so that the capitalization of the crypto market in just three days has risen from 3.330 billion dollars to the current 3.610.

Even more significant was the increase in the so-called TOTAL3, which is the total market capitalization of cryptocurrencies excluding Bitcoin, Ethereum, and stablecoin.

TOTAL3 measures the performance of the altcoin sector, excluding the performance of Ethereum, and in the last three days it has risen from 845 million dollars to the current 910. This certifies that price increases are widespread in the crypto market, and not concentrated only on Bitcoin and Ethereum.

The altseason index

There are also two data points that highlight how in the very last few days altcoins are actually performing even better than Bitcoin, in terms of percentage growth.

The first is the so-called altcoin season index of CoinMarketCap, which until three days ago was still below the 25/100 mark, meaning in full Bitcoin season.

This index ranges from zero to one hundred and is neutral around the 50 mark. Below 25 points indicates a Bitcoin season, while above 75 points indicates an altcoin season.

Well, starting from two days ago, it finally climbed back above the 25 mark, and now it is at the 30 mark. Although this is not even remotely sufficient to claim that we are heading towards an altseason, also because in theory the rise of the last few days could also prove to be only temporary, it is evident that it certifies a generalized awakening of altcoins, although still very limited.

The second figure, even more important regarding Ethereum, is the clear rebound of the ETH price in Bitcoin (ETH/BTC).

Four days ago, an Ethereum was worth just over 0.023 Bitcoin, while now it has jumped above 0.025 BTC.

It is not yet a significant level, given that for example even just at the beginning of March it was above 0.026 BTC, but the rapid rebound must absolutely be considered significant. In other words, it seems to have been interrupted (for two months now) the negative trend of Ethereum against Bitcoin.

The price of Ethereum soars towards $3,000

Today, however, a good piece of news has also been added to all this, which directly and specifically concerns Ethereum.

On the official blog of the Ethereum Foundation, a post was published revealing the idea of launching a zkEVM directly on layer 1, that is, on the Ethereum blockchain, in less than a year.

By now, Ethereum is betting everything on ZK (Zero-Knowledge), to the point of planning to migrate to the use of ZK proofs at all levels of the stack, from signature aggregation at the consensus level to on-chain privacy with client-side proof, and to update the protocol to make it simpler and compatible with ZK.

If this project were successful, it would be an important step forward for Ethereum, because it would expand its use cases and make its use more interesting for many users.

For some years now, Ethereum has been facing competition from Solana, especially regarding low-cost transactions. It is important, in order to withstand this competition, to adopt relatively quick solutions to reduce the cost of transactions on Ethereum, and this idea also goes in that direction.

Note that while today the price of ETH is marking a +7%, the price of SOL does not reach 3%.

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