ETH Surges 2.66% as Institutional Inflows and ETF Optimism Drive Bullish Momentum

Ethereum is currently trading at $2,563.61 on Binance, up 2.66% over the past 24 hours, with a 24-hour open of $2,497.19 and strong trading activity reflected in increased volume. The recent price increase is attributed to growing institutional inflows, particularly from BlackRock’s ETHA and Grayscale’s Ethereum Trust, as well as broader macroeconomic factors such as U.S. dollar weakness and global tariff developments. Technical indicators remain bullish, supported by rising wallet accumulation and positive sentiment around potential spot Ethereum ETF approvals, while short-term selling pressure from large holders has been offset by overall market resilience and renewed investor interest.