ETH Surges 8.19% as Ceasefire Spurs Whale Accumulation and Institutional Inflows on Binance

Ethereum (ETH) experienced an 8.19% price increase over the last 24 hours, rising from a 24h open of $2,239.94 to a current price of $2,423.38 on Binance. This surge followed the announcement of a ceasefire agreement between Iran and Israel, which alleviated geopolitical risk and triggered a sharp rebound across crypto markets. The rally was further supported by significant whale accumulation, with a notable withdrawal of 18,000 ETH to a single wallet, and increased institutional inflows amid renewed optimism for the asset. Trading volume remains elevated, reflecting strong market activity and liquidity, while ETH continues to hold its position as the second-largest cryptocurrency by market capitalization.