ETH Surges 2.41% as Capital Inflows, Protocol Upgrades, and Major Transfers Boost Momentum

Ethereum (ETH) is currently trading at $2,630.51 on Binance, reflecting a 2.41% increase over the past 24 hours, with a 24-hour trading volume of approximately $23.89 billion and a market capitalization near $323.5 billion. The recent price rise is primarily attributed to strong net capital inflows into ETH investment products, ongoing protocol upgrades that enhance scalability and security, and increased institutional participation, including notable transactions such as a 52,000 ETH transfer between unidentified wallets. These factors have reinforced investor confidence and driven bullish sentiment, supporting ETH’s recent upward momentum and price stability.