ETH Surges 3.23% as Scalability Upgrades and Institutional Interest Drive Robust Market Gains

Ethereum (ETH) is currently trading at $2,646.00 on Binance, reflecting a 3.23% increase over the past 24 hours, with trading volumes remaining robust and market capitalization rising in tandem. The recent price appreciation is primarily attributed to heightened trader confidence following positive network developments, including ongoing scalability and security upgrades, a notable rise in daily active addresses, and increased transaction volumes. Additional factors influencing the upward momentum include renewed institutional interest, optimism around ETH 2.0 upgrades, and a general surge in market activity despite global geopolitical tensions, new U.S. tariffs, and reduced liquidity during the Memorial Day holiday. These elements combined have contributed to Ethereum’s strong performance and increased investor engagement in the last day.