ETH Surges 3.19% on Binance: Institutional Inflows and $25.98B Volume Drive Bullish Breakout

Ethereum (ETHUSDT) experienced a 3.19% price increase over the past 24 hours, now trading at $3,124.48 on Binance. The price surge is attributed to strong buying pressure driven by renewed institutional interest, as seen in spot ETF net inflows and a large transfer of 24,500 ETH into Binance, which also contributed to short liquidations exceeding $51,400. Elevated trading volume, significant net inflows, and increased open interest have underpinned this bullish move, with ETH breaking key resistance levels around $3,100. Ethereum remains the second-largest cryptocurrency with high market capitalization and a 24-hour trading volume near $25.98 billion, reflecting robust market activity.