ETH Surges 2.6% as Institutional Buying and Golden Cross Signal Renewed Bullish Momentum

Ethereum (ETH) is currently trading at $2,559.27 on Binance, with a 24-hour opening price of $2,494.21 and a 2.61% increase over the past day, accompanied by strong trading volumes and a market cap exceeding $307 billion. The recent price movement is attributed to heightened institutional and whale activity, including significant ETF-related purchases and increased large-holder addresses, as well as technical signals such as the formation of a golden cross and a rebound in trading volume following equity market volatility; these factors have contributed to bullish sentiment despite short-term fluctuations.