The optimism surrounding the upcoming London hardfork is driving the Ethereum prices higher. Furthermore, the rising DeFi and NFT activity on Ethereum fuels the price surge. Last week, the overall cryptocurrency market rallied more than 7% moving past $1.6 trillion in valuations. Bitcoin and other altcoins registered a convincing rally breaking past crucial resistances. But over the last weekend, the crypto market has seen some slowdown in its growth, except for Ethereum (ETH). Ethereum (ETH) price has surged past $2600 looking for further gains ahead. On Sunday, August 1, the ETH price gained 6% extending its weekly gains to more than 21%.