ETH Surges 6.52% to $2,938.80 as U.S. Spot ETFs and Corporate Buys Drive Bullish Momentum

Ethereum (ETHUSDT) has experienced a notable price increase over the past 24 hours, rising 6.52% to $2,938.80, according to Binance data. This upward movement is primarily attributed to increased inflows into newly approved spot Ethereum ETFs in the U.S., heightened corporate treasury acquisitions such as the recent purchase by SharpLink Gaming, and strong bullish sentiment following key resistance breakouts above $2,710 and $2,800. Significant on-chain activity, including large ETH withdrawals from exchanges and ongoing accumulation by entities, has further supported buying pressure.

Currently, ETHUSDT is trading at $2,938.80 with a 24-hour trading volume of $29.57 billion and a circulating supply of 120.72 million ETH, reflecting robust market activity and sustained bullish momentum.