Ethereum's market analysis within the last 24 hours on Binance shows a generally positive trend. Here are the key metrics

- *Current Price*: $4,373.46 to $4,399.82 per ETH, with some sources reporting $4,284.68 or $4,296.83

- *24-hour Change*: 1.34% to 1.53% increase, indicating a surge in Ethereum's value

- *Market Capitalization*: $517.36 billion to $529.85 billion, solidifying its position as the second-largest cryptocurrency

- *24-hour Trading Volume*: $18.7 billion to $37.41 billion, showing significant market activity

Some analysts predict further growth, citing factors such as ⁴ ⁵:

- *Accumulation by Whales and Institutions*: Aggressive accumulation of ETH by whales and institutions, with 69,603 ETH worth $300 million bought by Bitmine

- *Declining Exchange Supply Ratio*: A sharp decline in Ethereum's exchange supply ratio, indicating reduced selling pressure and potential for price appreciation

- *Positive Funding Rate*: A positive funding rate in the derivatives market, suggesting bullish sentiment among investors

However, market volatility and potential selling pressure remain concerns, with some analysts warning of potential price drops if momentum fades. Key support and resistance levels to watch are $4,200 and $4,600, respectively.