ETH Surges 3.56% as Institutional Buying and Technical Breakout Drive Volume Past $25.8B

Ethereum (ETH) is currently trading at $2,722.40 on Binance, with a 24-hour price increase of 3.56% and a 24-hour trading volume of $25.88 billion, reflecting strong market activity and renewed investor interest. The recent price surge is attributed to significant institutional accumulation—including purchases by BlackRock, Fidelity, and VanEck—as well as Trend Research’s large acquisitions, which have contributed to heightened open interest and bullish sentiment. Technical factors, such as ETH breaking out of its Q1 2025 downtrend and surpassing key resistance at $2,700–$2,800, combined with relative strength against Bitcoin and positive on-chain trends, have further supported the upward momentum and positioned Ethereum as a leading performer in the current market environment.