ETH Surges 7.48% Amid $370M Liquidations and Whale Accumulation, Signals Strong Market Resilience

Ethereum (ETHUSDT) experienced significant price volatility in the past 24 hours, with the price rising 7.48% from a 24h open of $2,180.35 to a current Binance price of $2,343.46. This upward movement follows recent geopolitical tensions that led to $370 million in liquidations across major exchanges, a flash crash with an 8% drop and rapid recovery, and notable buying activity from large holders, including a $39 million whale purchase during the correction. Increased institutional accumulation and a rebound in trading volumes, which ranged from $25.5 billion to $65.3 billion, contributed to the swift price recovery. The market remains highly liquid, with a circulating supply of approximately 120.72 million ETH and a market capitalization between $266 billion and $276 billion, underscoring strong investor interest and resilience despite recent volatility.