ETHEREUM ETHUSDTEthereum / TetherKUCOIN:ETHUSDTShavyfxhubThe main factors driving Ethereum (ETH) price changes over the last month include: Institutional Demand and ETF Inflows: The launch and growing adoption of Ethereum spot ETFs by firms like BlackRock, Fidelity, and Grayscale have driven significant new capital into ETH. These ETFs have attracted institutional investors, creating strong buy pressure and wider market participation, contributing to a roughly 54% rally in Ethereum over the past month. Corporate Treasury Accumulation: Several corporate crypto treasury funds have been aggressively increasing their Ethereum holdings, with some managing billions in ETH. This corporate buying adds substantial demand and upward price pressure. Stablecoin Growth on Ethereum: Investor optimism about stablecoins, many of which are issued on the Ethereum blockchain (e.g., Tether, USDC), has contributed to speculation and bullish sentiment. Regulatory progress like the GENIUS Act also boosts confidence in stablecoin use and proliferation, indirectly supporting ETH. Supply Dynamics: Exchange balances of ETH have hit near decade lows, creating a supply squeeze. Combined with the Ethereum network's issuance limits and deflationary pressure from network upgrades, this scarcity supports price gains. General Market Sentiment and Macro Environment: While overall cautious bullishness drives price up, macroeconomic factors like Federal Reserve policy, interest rate adjustments, and global liquidity also impact ETH volatility. For example, tightening financial conditions and the strength of the U.S. dollar can create temporary downward pressure. In summary, the price changes in Ethereum over the last month are predominantly driven by increasing institutional and corporate demand fueled by ETF offerings and treasury accumulation, positive momentum from stablecoin growth on Ethereum, tight supply dynamics, and supportive technical market signals. Macro headwinds and regulatory environment continue to modulate this trajectory. #ethusdt #ethereum