ETH Surges 7.56% to $3,610 as Institutional Demand and U.S. Crypto Progress Fuel Rally

Ethereum (ETHUSDT) has experienced a notable price increase of 7.56% over the past 24 hours, currently trading at $3,610.60 on Binance. This upward movement is primarily attributed to strong bullish momentum driven by high trading volumes, positive technical indicators such as an overbought RSI and a bullish MACD signal, and favorable news including Standard Chartered's launch of institutional trading services for Ethereum and progress on U.S. crypto legislation. Despite significant on-chain selling activity from large entities, robust buyer interest and institutional participation have supported the price rally. Ethereum’s market capitalization stands at approximately $420.13 billion, with a 24-hour trading volume exceeding $56.93 billion, as the asset continues to approach key resistance levels amid heightened market activity.