ETH Token Surges 3% as Binance Anniversary, Institutional Inflows, and Whale Moves Boost Momentum

ETHUSDT has experienced a 3.01% price increase over the last 24 hours, opening at 2533.73 and currently trading at 2610.00 on Binance. This upward movement is attributed to several factors: Binance’s 8th anniversary trading event, which has boosted trading activity; a 3.9% rise in Ethereum derivatives open interest, indicating heightened trader engagement; and continued strong institutional interest, as evidenced by $225 million in inflows to Ethereum investment products for the 11th consecutive week. Additional notable developments include the reactivation of two dormant Ethereum wallets transferring 1,140 ETH and the U.S. government moving 200,000 ETH to Coinbase Prime, which has increased market attention but did not trigger significant selling pressure.

Currently, Ethereum’s market capitalization stands at approximately $315.74 billion, with a 24-hour trading volume of $17.23 billion and a circulating supply of around 120.71 million ETH. The price has traded within a range of 2523.33 to 2628.21 in the past day, reflecting strong investor interest and a positive market sentiment following a 7.76% gain over the past week.