ETH Surges 6.5% as Institutional Buys and $4T Crypto Market Cap Fuel Bullish Momentum

Ethereum (ETHUSDT) has experienced a notable price increase of 6.52% over the past 24 hours, rising from a 24h open of 3552.99 to a current price of 3784.47 on Binance. This upward movement is attributed to several factors, including increased institutional interest—highlighted by SharpLink Gaming's $35.6 million Ethereum purchase and Bit Digital Inc.'s accumulation of approximately 120,000 ETH—as well as broader positive sentiment from the global cryptocurrency market capitalization surpassing $4 trillion. Additional support comes from news of Charles Schwab planning to launch spot trading for Ethereum and other major cryptocurrencies, and significant treasury purchases by Thumzup Media. Despite some short-term resistance and mixed technical signals, the robust trading volume and sustained inflows have contributed to the current bullish momentum.

Currently, Ethereum is trading at 3784.47 USDT with a 24-hour price change of 6.52%, reflecting strong trading activity and positive sentiment in the market.