The price increase of Ethereum ($ETH ) is mainly driven by several factors. First, the market is full of expectations for the upcoming "Dencun" upgrade, which aims to improve the scalability of the network and reduce transaction fees. These improvements are believed to further enhance Ethereum's competitiveness in decentralized finance (DeFi) and other application areas.

Second, as the discussion of Ethereum ETF heats up, market sentiment has become more positive. Institutional investors' growing interest in Ethereum may make Ethereum a more attractive investment option in the market.

In addition, Ethereum's total locked value (TVL) continues to grow in the DeFi field, showing the vitality and attractiveness of its ecosystem, which provides a solid foundation for ETH's price increase.

Finally, the overall market recovery also provides support for Ethereum's rise. Investors have begun to re-enter the crypto market after a period of market adjustment, which has driven up the price of ETH. Analysts generally believe that with the superposition of various positive factors, the price of Ethereum is expected to continue to rise in the coming weeks, and the target may exceed $3,000.