ETH Surges 7.29% as Exchange Balances Hit Historic Low and Institutional Inflows Boost Momentum

Ethereum (ETHUSDT) has experienced a notable price increase of 7.29% over the past 24 hours, rising from a 24h open of $4,024.00 to a current price of $4,317.44 on Binance. This surge is primarily attributed to a combination of factors: a 40% increase in trading volume compared to the two-week average, significant withdrawals of ETH from major exchanges by large holders (notably 1,999 ETH from Binance and 10,076 ETH from Kraken), and a historic drop in exchange balances to 18.8 million ETH, indicating strong accumulation and reduced sell-side pressure. Additional support comes from positive institutional developments, including net inflows into U.S. spot Ethereum ETFs and new tokenized fund launches on the Ethereum blockchain. Market capitalization stands at approximately $515.12 billion, with a 24-hour trading volume ranging from $36.05 billion to $81.54 billion, reflecting heightened investor activity and renewed bullish sentiment as ETH breaks above the $4,000 level for the first time in eight months.