ETH Surges 2.83% as Whale Accumulation and ETF Growth Drive $3,761 Breakout

Ethereum (ETHUSDT) has risen 2.83% over the past 24 hours, with the current price at $3,761.05 and a 24-hour open of $3,657.59. The recent price increase is primarily attributed to strong investor accumulation, as evidenced by significant whale activity and over 317,000 ETH withdrawn from exchanges since early July, signaling heightened investor confidence. Additional contributing factors include increased institutional inflows, growing adoption of Ethereum ETFs, and positive sentiment following the passage of the GENIUS Act in the US, which has also supported broader market optimism. Trading volume remains robust, with approximately $45.66 billion exchanged in the last 24 hours, and Ethereum’s market capitalization stands at $453.82 billion, reflecting sustained upward momentum and solidifying its position as the second-largest cryptocurrency by market cap.