The price of Ethereum has seen a significant surge in recent weeks, driven largely by the growing demand for decentralized finance (DeFi) applications and the upcoming launch of ETH 2.0. As the second-largest cryptocurrency by market capitalization, Ethereum's success has a ripple effect on the overall crypto market. Will this momentum continue or is it a short-term spike?

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ETH's surge is largely driven by DeFi's growth and ETH 2.0's anticipation. As the second-largest crypto, its momentum has a significant impact on the market. It's uncertain whether this is a short-term spike or a sustainable trend.