ETH Surges 4% as On-Chain Transfers, DeFi TVL Spike, and Corporate Adoption Fuel Rally

Ethereum is currently trading at $2,639.11 on Binance, reflecting a 4.08% increase over the past 24 hours, with a 24-hour trading volume of approximately $25 billion and a market capitalization near $321 billion. The recent price rise is attributed to significant on-chain activity, including a transfer of 97,000 ETH to exchanges, a 30,000 ETH over-the-counter purchase, and over $21.69 million in liquidated positions, mainly long, alongside a 25% increase in total value locked in DeFi platforms. Additional contributing factors include strong network fundamentals, sustained daily fees above $1 million, ongoing scalability and security improvements, and positive sentiment following corporate adoption of Ethereum, all of which have reinforced trader confidence and supported the upward price movement.