ETH Surges 7% as Network Activity and ETF Inflows Drive $3,857 Breakout Amid Volatility

Ethereum (ETHUSDT) has experienced a notable price increase of 7.03% over the past 24 hours, with the current price on Binance at $3,857.71, up from a 24h open of $3,604.32. This upward movement is attributed to a combination of factors, including increased network activity (with new addresses up nearly 30%), positive technical signals such as a bullish pennant pattern, and renewed bullish sentiment following a recovery from recent support levels. However, the market also saw significant sell pressure earlier in the week, including large transfers to exchanges and notable sales by prominent holders, which contributed to short-term volatility. Macroeconomic developments, such as new U.S. tariffs, have created a risk-off environment, but recent inflows into spot Ethereum ETFs and whale accumulation have supported the price rebound. Ethereum’s market capitalization stands at approximately $463.65 billion, with a 24-hour trading volume of about $33.64 billion and a circulating supply of 120.71 million ETH, reflecting strong market activity and ongoing volatility.