Ethereum Price Surges on US-Iran Peace Talks Optimism

Ethereum's price surge to $2,058 on Monday was driven by a combination of factors, including optimism over potential peace talks between the US and Iran.

According to data from crypto.news, Ethereum rose 2.5% to an intraday high of $2,058 at the last check on Monday, March 30.

The price jump was also fueled by institutional developments, with BNP Paribas launching crypto-linked ETNs and the Ethereum Foundation staking 22,517 ETH worth over $46 million in its largest single-day deposit into the Beacon Chain.