ETH Surges 7.75% Past $4,200 on Binance as Market Rally and Whale Activity Drive $500B Cap

Ethereum (ETHUSDT) surged over 7.75% in the past 24 hours, rising from 3893.73 to 4195.40 USDT on Binance, driven by a broad market rally, increased whale accumulation, and anticipation of a potential US Federal Reserve rate cut. The price breakout above $4,200 was supported by strong trading volumes, significant futures activity, and notable on-chain movements such as large ETH withdrawals for staking. Ethereum’s market capitalization now exceeds $500 billion, with 24-hour trading volume on Binance reaching approximately $3.49 billion, reflecting robust bullish momentum and heightened investor interest.