Ethereum Surges 28% Ahead of Major Upgrade, Boosted by Scalability Hopes and Growing Institutional Interest
• Ethereum price up 28% this month to $2,910 ahead of major Dencun upgrade coming within a month • Upgrade will bring "proto-danksharding" to improve scalability and reduce costs • Growing optimism around potential SEC approval of spot Ethereum ETFs this year • Open interest in Ethereum futures contracts has climbed to $10.6 billion, nearing last year's peak • Layer-2 scaling network usage and total value locked recently hit all-time highs over $26 billion