ETH Surges 4.77% as Institutional Inflows, Bullish Patterns, and Ecosystem Growth Drive Momentum

Ethereum (ETH) is currently trading at $2,601.66, reflecting a 4.77% increase over the past 24 hours from a 24h open of $2,483.15, with market capitalization estimates ranging from $300 to $315 billion and continued high liquidity. The recent price rise is attributed to strong institutional inflows into Ethereum ETFs, positive technical signals such as the formation of a bullish cup-and-handle pattern, and increased engagement within the Ethereum ecosystem, despite some short-term volatility and consolidation below resistance levels. Additional contributing factors include the Ethereum Foundation’s restructuring to focus on scaling and user experience, as well as forward-looking plans to significantly expand Ethereum’s Layer 1 capacity, all of which have supported renewed investor confidence and upward price momentum.