ETH Surges 2.48% as Spot ETF Inflows and Trading Volume Hit 15-Day Highs, Eyes $2,835 Breakout
Ethereum (ETH) is currently trading at $2,812.00 on Binance, reflecting a 2.48% increase over the past 24 hours from a 24h open of $2,744.01. The recent price rise is primarily attributed to sustained inflows into Ethereum spot ETFs, which have recorded 15 consecutive days of positive movement, and heightened trading activity as evidenced by a 54% surge in 24-hour trading volume to $34.25 billion. Technical analysis indicates ETH is testing a critical resistance zone between $2,800 and $2,835, with momentum supported by bullish indicators and increased market participation, including a Binance promotional activity encouraging user engagement around ETH. Overall, Ethereum is outperforming much of the broader crypto market, with optimism driven by ETF inflows, technical breakout potential, and increased interest from both institutional and retail participants.