ETH Surges 2.12% Amid Whale Moves and Global Market Volatility as Trading Volume Tops $35 Billion

Ethereum (ETHUSDT) experienced increased market activity in the past 24 hours, with the price rising 2.12% to $3027.11 on Binance. This movement is attributed to notable whale activity, including significant transfers and leveraged positions, as well as broader macroeconomic influences such as U.S. tariff announcements and volatility in Japanese bond markets, which contributed to selling pressure and heightened trading volume. Additional positive momentum was observed following the announcement of new crypto ETPs in Europe and increased institutional staking, but overall, technical indicators reflected bearish sentiment and oversold conditions after recent selloffs. Ethereum remains the second-largest cryptocurrency, with a 24-hour trading volume exceeding $35 billion and a circulating supply of approximately 120.69 million ETH.