As of February 2, 2025, Ethereum (ETH) is trading at $3,108.75, reflecting a 4.75% decrease from the previous close.

In recent developments, Ethereum's "Dencun" upgrade, implemented on March 13, 2024, has successfully reduced transaction fees on various Layer 2 networks, enhancing the platform's scalability and user experience.
Analysts anticipate a significant rally for ETH, driven by advancements like Ethereum 2.0 and increasing institutional adoption.
Additionally, the potential for more crypto ETFs under the current U.S. administration could further bolster ETH's market presence.
Please note that cryptocurrency markets are highly volatile. It's advisable to stay updated with the latest information and exercise caution in investment decisions.