ETH (Ethereum) rose 1.28% in the last 24 hours.

Gate News Bot News, July 14, according to CoinMarketCap data, as of the time of writing, ETH (Ethereum) is currently priced at $2985.89, with a rise of 1.28% in the last 24 hours, reaching a high of $3038.14 and a low of $2517.90, with a 24-hour volume of $18.721 billion. The current market capitalization is approximately $360.442 billion, which is an increase of $4.571 billion compared to yesterday.

Ethereum is a leading innovative application and blockchain network platform. It provides infrastructure for decentralized applications (DApps), supporting various application scenarios such as smart contracts, stablecoins, decentralized finance (DeFi), and non-fungible tokens (NFTs). Ethereum is committed to building a more open, fair, and permissionless internet, offering users direct ownership, equal access, privacy protection, and other values.

Important news about ETH recently:

1️⃣ Ethereum Foundation promotes significant technical upgrades The Ethereum Foundation plans to fully integrate zero-knowledge proof (zk) technology at the Ethereum L1 layer. This upgrade is expected to bring significant changes in scalability and privacy, potentially profoundly impacting the future development path of Ethereum. Industry experts believe that this initiative will help ensure that Ethereum maintains its leading position in the institutional sector.

2️⃣ ETH staking scale continues to expand Currently, 29% of the ETH supply has been staked, with a staking volume of 35,894,642 ETH. At the same time, the number of Ethereum validators has surpassed 1.1 million, reaching 1,121,810. The expansion of the staking scale reflects investors' confidence in the long-term development of Ethereum.

3️⃣ Layer2 ecosystem is flourishing The total locked value (TVL) of Ethereum Layer 2 has risen to $36.39 billion, with a 7-day rise of 10.1%. Major Layer 2 projects such as Arbitrum One, Base, and OP Mainnet have all shown significant growth. The rapid development of Layer 2 is expected to further enhance Ethereum's scalability and user experience.

From a technical perspective, the ETH price is oscillating around $3000, and it may continue to consolidate in this range in the short term. On the fundamental side, the continuous expansion of the Ethereum ecosystem and technological innovations have laid a solid foundation for its long-term development.

This message is not an investment advice; investment should take market volatility risks into account.