Underlying Asset Performance: The price directly reflects the performance of the assets it tracks, such as stocks or bonds.

Supply and Demand: Increased buying pressure drives the price up, while increased selling pressure pushes it down.

Expense Ratio: Higher fees can slightly reduce returns and, consequently, the ETF's price over time.

Market Sentiment: Overall investor confidence or fear can impact demand for the ETF.

Currency Exchange Rates: Fluctuations between the Euro and the currencies of the underlying assets can affect the price.

Tracking Error: The difference between the ETF's performance and its benchmark's performance affects investor perception and price.

Dividend Payments: Distributions to shareholders can influence the price.

Interest Rates: Changes in interest rates, particularly if the ETF holds bonds, impact its attractiveness.

Economic Indicators: Data releases, such as inflation or GDP growth, can influence the performance of the underlying assets and thus the ETF's price.