ETH Surges 7.72% as Bullish Breakouts, $20B Volume, and Institutional Demand Fuel Rally

Ethereum (ETHUSDT) experienced a notable 7.72% price increase over the past 24 hours, rising from a 24h open of $2,505.00 to a current price of $2,698.37 on Binance. This upward movement is primarily attributed to renewed bullish sentiment driven by technical breakouts above key resistance levels, increased trading volumes, and heightened market optimism around a potential "altseason." Additional factors include significant on-chain activity, such as the transfer of nearly 5,000 ETH by a long-term holder, and growing institutional interest, as evidenced by recent increases in ETH holdings by major firms and a rebranding initiative by the Ethereum Foundation.

Ethereum maintains strong liquidity and investor engagement, with a 24-hour trading volume exceeding $20 billion and a market capitalization in the $304–$307 billion range. The asset remains volatile but continues to attract attention as the second-largest cryptocurrency, with analysts watching for further price movements and potential continuation of the current bullish trend.