ETH Surges 6.18% as Institutional Demand and SEC Clarity Drive $5B Treasury Plans

Ethereum (ETHUSDT) has experienced a notable price increase of 6.18% over the past 24 hours, rising from a 24-hour open of $4,012.31 to a current Binance price of $4,260.17. This upward movement is primarily attributed to heightened institutional demand, including significant treasury company purchases and news of Fundamental Global planning to raise $5 billion for an Ethereum treasury. Additional factors supporting the rally include the SEC's clarification reducing legal risks for ETH holders, strong network activity averaging 1.74 million daily transactions, and positive sentiment around potential inclusion of cryptocurrencies in US 401(k) retirement plans. Ethereum's market capitalization is approximately $515 billion, with a 24-hour trading volume between $33.34 billion and $46.10 billion, reflecting robust market participation and solidifying its position as the second-largest cryptocurrency.