ETH Surges 2.43% as Major Accumulation Drives Price Above $2,500 Amid Market Volatility

Ethereum (ETHUSDT) experienced a 2.43% price increase over the past 24 hours, with the current price at 2,596.69 USDT on Binance. The upward movement is primarily attributed to significant accumulation activity, including Bit Digital’s acquisition of over 100,000 ETH and SharpLink Gaming’s purchase of 7,689 ETH, which contributed to positive sentiment and buying pressure. Additionally, the $2,500 price level has acted as a key accumulation zone for investors, further supporting the recent gains. Broader market volatility, influenced by global trade developments such as the new U.S. tariffs on imports from Japan and South Korea, has also impacted trading dynamics. Over the last 24 hours, ETH traded between 2,523.59 and 2,628.21 USDT, with a substantial trading volume of 943.53 million USDT on Binance, and maintains a strong position as the second-largest cryptocurrency by market capitalization.