ETH Surges 2.08% as 1.49 Million Tokens Acquired and Institutions Shift to Ethereum Staking

Ethereum (ETHUSDT) experienced a 2.08% price increase over the past 24 hours, rising from 2519.64 to 2572.10 USDT on Binance. The positive price movement is attributed to strong accumulation by large investors, with 1.49 million ETH reportedly acquired, and institutional activity such as Bit Digital’s $34 million shift from BTC to ETH for staking and yield strategies. Additional support came from technical factors, with ETH rebounding from a support zone near $2,503 and maintaining levels above key thresholds, despite mixed analyst outlooks. The 24-hour trading volume on Binance reached approximately $790.81 million, with the broader market showing robust activity and Ethereum’s market capitalization holding near $310–312 billion, confirming its position as the second-largest cryptocurrency by market cap.