ETH Surges 3.4% as $321M Institutional Inflows and Binance Promotions Fuel Bullish Momentum

Ethereum (ETH) is currently trading at $2,622.76 on Binance, up 3.42% from the 24-hour open of $2,536.06, with the market showing increased trading volume and renewed bullish momentum. The recent price increase is primarily attributed to significant institutional inflows, highlighted by a $321 million surge into Ethereum investment products and spot ETFs, which has reinforced buyer confidence and driven ETH above key resistance levels. Additional support for the upward movement comes from Binance's Dual Investment promotion for ETH and USDT pairs, further stimulating market activity, while broader macroeconomic factors such as the U.S. Federal Reserve's decision to maintain elevated interest rates continue to influence overall sentiment.