ETH Surges 4.15% as Institutional Moves and Tokenized Equities Drive Market Resilience

Ethereum (ETHUSDT) experienced a 4.15% price increase over the last 24 hours, rising from 4294.63 to 4472.92 on Binance. This upward movement is primarily attributed to significant institutional activity, including large ETH withdrawals from OKX, the Ethereum Foundation's transfer of 10,000 ETH to Kraken for development and grants, and ongoing active staking indicated by a decreasing exit queue and strong network participation. Additional support for the price came from major stock exchanges receiving approval to trade Ethereum, and the launch of tokenized equities on the Ethereum blockchain by Ondo Finance. Despite a recent decrease in trading volume to $29.7 billion and a slight weekly decline, Ethereum maintains robust market strength, with its price consolidating near $4,470 and showing resilience amid high institutional interest and technical signals.