According to CoinMeta, market data reports that Ethereum (ETH) has risen by 29.8% in the past seven days, reaching a weekly high of $2,546, surpassing Bitcoin's 22.9% increase. The return of exchange-traded funds (ETFs) invested in Ethereum, bears who were squeezed out of the market, and the reduction in the supply of tradable tokens have all contributed to the rise of Ethereum. On Saturday afternoon, the trading price of Ethereum was around $2,435.