ETH Surges 3.13% as Whale Buys $39M Amid Geopolitical Tensions and ETF Speculation

ETHUSDT experienced a 3.13% price increase over the last 24 hours, rising from a 24h open of $2,180.73 to a current price of $2,249.03 on Binance. The price change is primarily attributed to heightened geopolitical tensions, notably recent U.S. airstrikes on Iran, which led to a brief flash crash and subsequent rapid recovery as buyers entered the market. This rebound was supported by a significant surge in trading volume and notable whale accumulation, with a large investor purchasing $39 million in ETH during the dip. Technical indicators show ETH nearing oversold levels, which, combined with strong institutional interest and speculation around potential Ethereum ETFs, has contributed to renewed upward momentum. Ethereum's market capitalization is approximately $271–$276 billion, with 24-hour trading volume exceeding $24 billion, reflecting robust liquidity and sustained trader engagement.