ETH Surges 4.29% as Institutional Inflows and $425M Treasury Boost Fuel Bullish Momentum

Ethereum is currently trading at $2,658.50 on Binance, reflecting a 4.29% increase over the last 24 hours, with trading volume and market capitalization both showing notable growth. The recent price rise is primarily attributed to significant institutional inflows, including large ETH transfers to Binance and SharpLink Gaming’s $425 million ETH treasury adoption, as well as ongoing network upgrades that have improved scalability and security. These developments have boosted trader confidence, increased network activity, and driven heightened trading interest, resulting in positive momentum and bullish sentiment in the market.