ETH Token Surges 6.96% on Binance as Trading Volume Jumps Amid Global Policy Shifts

In the past 24 hours, ETHUSDT has experienced a notable price increase of 6.96%, rising from a 24-hour open of 2592.00 to a current price of 2772.32 on Binance. This price movement is primarily attributed to heightened trading activity, evidenced by a 33.90% surge in trading volume, which has been influenced by recent macroeconomic developments such as delayed U.S. tariff deadlines and global trade policy announcements. Additionally, large-scale transactions, including a significant sale of 33,585 ETH by a major holder, have contributed to market volatility. Despite no major breaking news, technical analysis indicates ETH is trading between key support at 2,520 and resistance at 2,580, with bullish momentum emerging after breaking out from a descending channel. The 24-hour trading volume on Binance for ETHUSDT stands at 1.90 billion USDT, and Ethereum maintains a market capitalization of approximately $335 billion, reinforcing its position as the second-largest cryptocurrency by market cap.