ETH Surges 3.54% as Institutional Staking and ETF Inflows Drive Momentum Toward $2,800

Ethereum (ETHUSDT) has gained 3.54% over the past 24 hours, with the price rising from 2619.30 to 2711.99 on Binance. The recent price increase is attributed to a combination of factors including Binance’s 8th anniversary user engagement initiatives, significant institutional activity such as SharpLink Gaming’s $470 million ETH staking via Liquid Collective, and renewed interest from early Ethereum holders. Additionally, increased inflows into spot Ethereum ETFs and a broader shift toward risk appetite among traders have contributed to the bullish momentum. Technical analysis points to a potential momentum shift as ETH broke above the $2,600 level, with market participants watching for a sustained move toward the $2,800 resistance zone. Current market data shows a 24-hour trading volume of approximately $20.35 billion and a market capitalization of around $322.09 billion, reflecting strong investor confidence and heightened trading activity.