ETH Surges 3.44% as Institutional Buying and High Trading Volumes Signal Renewed Market Confidence

Ethereum (ETH/USDT) has experienced a 3.44% price increase over the past 24 hours, rising from a 24h open of 3552.56 to a current price of 3674.77 on Binance. This upward movement is primarily attributed to renewed institutional interest, highlighted by significant acquisitions from major entities such as BitMine and SharpLink Gaming, which have contributed to increased trading volumes and market confidence. Despite recent net outflows from U.S. spot Ethereum ETFs, the market has shown resilience, with bullish momentum supported by technical rebounds from recent lows and anticipation of upcoming network upgrades. In the latest 24-hour period, Ethereum’s trading volume surged to between $28.16 billion and $33.07 billion, and its market capitalization remains robust at approximately $442.30 billion to $444.59 billion, reflecting strong market engagement and positioning ETH as the second-largest cryptocurrency by market cap.