ETH Surges 7.26% to $2,396 on Binance Amid $333M Institutional Buy and ETF Inflows

Ethereum (ETH) experienced a notable 7.26% price increase over the past 24 hours, rising from a 24h open of $2,234.16 to $2,396.35 on Binance. This upward movement is largely attributed to sustained institutional accumulation, including a significant purchase of 132,535 ETH ($333.78 million), continued net inflows into Ethereum spot ETFs for the sixth consecutive week ($40.24 million), and increased market optimism following broader crypto gains triggered by geopolitical news such as the Trump ceasefire announcement. Additionally, large transfers from wallets linked to DiscusFish contributed to heightened trading activity, supporting the price rebound. Currently, ETH trades near $2,396 with a circulating supply of approximately 120.71 million and 24-hour trading volume exceeding $25 billion, reflecting strong market participation and stabilization above key technical support levels.