ETH Surges Past $2,510 Resistance as Volume Hits $35B Amid Regulatory and Institutional Boosts

Ethereum (ETH) has shown strong bullish momentum over the past 24 hours, with its price rising approximately 0.58% to trade in the $2,633–$2,661 range and trading volumes reaching around $35.25 billion. The asset’s market capitalization stands near $320.84 billion, with a circulating supply of about 120.72 million ETH, reflecting ongoing high market activity and positive sentiment.

The recent price increase and bullish breakout above the $2,510 resistance level are attributed to several key developments. Technical analysis indicates that increased trading volume and confident buyer activity have supported the upward move, with the next resistance target set at $2,560. Positive sentiment has been further bolstered by regulatory clarity, including the U.S. SEC’s decision not to pursue enforcement actions against Ethereum 2.0 and ongoing discussions on U.S. stablecoin legislation. Additional factors include BTCS’s significant increase in ETH holdings and updates to trading security protocols, which have contributed to a constructive outlook for ETH in the short term.