ETH Token Surges 2.78% as Dormant Address Moves, Institutions Shift, and Trading Volume Soars

ETHUSDT experienced a 2.78% price increase over the last 24 hours, rising from a 24h open of 2540.95 to a current price of 2611.68 on Binance. The price change can be attributed to several factors: renewed trading activity following the activation of a dormant address moving 900 ETH, institutional shifts such as Bit Digital converting its Bitcoin holdings to Ethereum and increasing its ETH reserves, and notable transactions including a U.S. government transfer of $218,000 in ETH to Coinbase. Additionally, the launch of Binance’s VIP Growth Program, which includes ETHUSDT as a supported pair, may have contributed to increased trading volume and market engagement.

Currently, ETHUSDT is trading at 2611.68 with a 24-hour volume of $848.41 million on Binance, reflecting strong market activity and a positive price trend amid ongoing volatility and heightened investor attention to technical levels and institutional developments.