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On February 2, 2025, Ethereum (ETH) trading at $3,108.75, reflecting a decline of 4.75% from the previous close.
In recent developments, Ethereum's "Dencun" upgrade, which was implemented on March 13, 2024, has successfully reduced transaction fees on various Layer 2 networks, improving the platform's scalability and user experience.
Analysts expect a significant surge for ETH, driven by advancements such as Ethereum 2.0 and increased institutional adoption.
In addition, the potential for more crypto ETFs under the current US administration could further strengthen the ETH market presence.
Please note that the cryptocurrency market is highly volatile. It is recommended to stay up-to-date with the latest information and be cautious in making investment decisions.