ETH Surges 2.58% as $610M Options Expire, Trading Volume Jumps Over 50% on Binance

Ethereum (ETH/USDT) experienced a 2.58% price increase over the past 24 hours, with the current price at $2,580.38 on Binance. This upward movement is primarily attributed to the expiration of $610 million in Ethereum options on July 5, 2025, which contributed to heightened market volatility and increased trading activity. Additional factors influencing the price include growing institutional interest, particularly in Ethereum ETFs, positive market sentiment, and accumulation by long-term holders, as indicated by declining ETH balances on exchanges.

The market remains volatile, with Ethereum consolidating between support at $2,478 and resistance at $2,560, and trading volume has seen a notable uptick, rising over 50% from the previous day to reach over $13 billion. Ethereum’s market capitalization is approximately $310 billion, reflecting sustained investor interest and dynamic trading conditions around the $2,560–$2,580 range.