ETH Surges 3.31% as Institutional Inflows, Whale Accumulation, and Layer 2 Developments Drive Bullish Momentum

Ethereum (ETHUSDT) experienced a 3.31% price increase over the past 24 hours, rising from a 24h open of $2,435.01 to a current price of $2,515.60 on Binance. This upward movement is attributed to several factors: increased institutional interest and exposure to ETH, record inflows into spot Ether ETFs, and significant whale accumulation, as well as bullish technical signals such as the imminent formation of a "Golden Cross." Additionally, positive sentiment was reinforced by the announcement of the Fuel Network (FUEL) event, an Ethereum Layer 2 scaling initiative, and ongoing ecosystem developments, including Ripple Ledger’s EVM sidechain launch and renewed focus on digital identity solutions. Over the last 24 hours, ETH saw $2.4 million in liquidations, with more short positions closed than longs, indicating traders adjusting to the bullish momentum. The current market shows ETH trading at $2,515.60, with 24-hour volumes ranging between $13.5 billion and $17.5 billion and a market capitalization around $297–$303 billion, reflecting revived optimism and heightened trading activity.