ETH Surges 3.54% to $2,633 as Institutional Demand and ETF Inflows Drive Market Resilience

Ethereum (ETH) experienced a 3.54% price increase over the past 24 hours, with the current price at $2,633.79 according to Binance data. This upward movement is primarily attributed to strong institutional demand, significant inflows into Ethereum-based ETFs, and increased whale accumulation, which provided support following recent market volatility triggered by geopolitical tensions between Israel and Iran and the expiration of over $3.7 billion in cryptocurrency options. The past day also saw notable liquidations on both long ($22.43 million) and short ($16.27 million) positions, reflecting heightened trading activity. Ethereum remains the second-largest cryptocurrency by market capitalization, with a 24-hour trading volume exceeding $27 billion, and continues to show resilience and strong market participation despite recent fluctuations.