ETH Surges 4.62% as Institutional Inflows and Pectra Upgrade Drive Strong Market Rally

Ethereum is currently trading at $2,612.82 on Binance, reflecting a 4.62% increase over the past 24 hours with strong trading activity and robust market participation. The recent price surge is attributed to renewed institutional interest, particularly significant inflows into spot ETH ETFs, positive technical signals such as a breakout above key support levels, and increased whale accumulation as seen in on-chain data. Additional contributing factors include improved network stability following the successful Pectra upgrade and a rebound in market sentiment after Ethereum held above the $2,500 support zone, despite ongoing regulatory discussions regarding Ethereum staking-based ETFs.