ETH Surges 3.47% as Institutional Inflows and Meta Stablecoin News Drive Bullish Momentum

Ethereum (ETH) is currently trading at $2,732.41 on Binance, reflecting a 3.47% increase over the past 24 hours with strong trading volume and continued market liquidity. The recent price rise is primarily attributed to significant institutional activity, including large ETH purchases by major investors such as BlackRock, Fidelity, and VanEck, as well as robust net inflows into Ethereum spot ETFs. Additional positive momentum has been driven by Meta’s announcement of stablecoins launching on the Ethereum blockchain, which is expected to boost adoption and network usage. Increased whale accumulation and ongoing bullish sentiment among investors have further supported the upward price movement observed in the last day.