ETH Surges 3% on Binance as Institutional Demand, ETF Inflows, and Golden Cross Fuel Rally

Ethereum (ETHUSDT) experienced a 3.03% price increase over the past 24 hours, rising from a 24h open of $2,431.62 to a current price of $2,505.28 on Binance. This upward movement is primarily attributed to increased institutional accumulation, optimism around technical bullish signals such as the “Golden Cross,” and notable inflows into spot ETH ETFs, as reported in recent news. Additionally, $1.37 million in long and $5.08 million in short ETHUSDT positions were liquidated, indicating elevated market activity and potential short squeeze dynamics. Ethereum’s market capitalization now stands between $295 billion and $304 billion, with 24-hour trading volume ranging from $9.17 billion to $12.75 billion and a circulating supply of approximately 120.71 million ETH. The recent price uptick follows a week of strong recovery (+6.6% to +7.6%) after a prior monthly decline, with the asset consolidating near $2,500 as investors anticipate a potential move above $3,000 driven by sustained institutional demand and ecosystem growth.