ETH Surges 2.32% as Major Accumulation and Exchange Outflows Signal Bullish Momentum Amid Market Volatility

Ethereum (ETHUSDT) experienced a 2.32% price increase over the last 24 hours, rising from a 24h open of $3,546.26 to a current price of $3,628.53 on Binance. This upward movement is attributed to ongoing accumulation by large entities, such as SharpLink Gaming's recent acquisition of 30,755 ETH, and significant net outflows of ETH from centralized exchanges, which suggest bullish sentiment despite recent volatility. Market fluctuations were influenced by macroeconomic factors, including new U.S. import tariffs and related global financial market jitters, which previously led to substantial liquidations and ETF outflows. Ethereum's 24-hour trading volume remains strong, and increased network activity indicates continued adoption, with the asset maintaining a market capitalization near $440 billion and a circulating supply of approximately 120.71 million ETH.