ETH Price Surges to Eight-Month High Amid Crypto Market Revival

Ethereum's price has reached an eight-month high of $2,800 on the PrimeXBT platform before pulling back to its current value of around $2,730.

The crypto Fear and Greed index is at 77, indicating a state of greed in the market as the crypto winter appears to be over.

Ethereum's price has been increasing, up by 2% over the past 24 hours and almost 10% over the past seven days.

The introduction of regulatory frameworks for cryptocurrencies by the SEC and CFTC, along with strong inflows into ETH ETFs, are supporting Ethereum's price, with $269.9 million in net inflows seen on Monday.