ETH Surges 7% on Peace Deal News: Volatility and Trading Spike as Market Sentiment Shifts

Ethereum (ETHUSDT) experienced a notable price increase of 7.04% over the past 24 hours, rising from a 24h open of $2,237.11 to a current price of $2,394.50 on Binance. This upward movement is primarily attributed to improved market sentiment following geopolitical developments, including positive reactions to a peace deal announcement involving the U.S., Israel, and Iran, which helped reverse the previous sell-off triggered by heightened tensions and military actions in the Middle East. On-chain activity showed significant ETH transfers, including a large deposit and withdrawal on Binance and a major liquidation event on Hyperliquid, reflecting elevated volatility and active trading among large holders. Ethereum’s market capitalization stands at approximately $291.63 billion with a 24-hour trading volume of $25.37 billion, confirming robust market participation and ETH’s continued position as the second-largest cryptocurrency by market cap.