ETH Token Surges 4.23% as Institutional Inflows and Binance Promotions Boost Market Momentum

ETHUSDT experienced a 4.23% price increase over the past 24 hours, opening at 2052.90 and currently trading at 2139.84 on Binance, with 24-hour trading volume at 811.70 million USDT. The price rise is attributed to positive inflows into Ethereum ETFs, increased institutional accumulation such as BitMine’s $147 million purchase, and Binance’s new interest-free loan voucher promotion for ETH products. Additionally, recent on-chain activity saw 4,012 ETH deposited into Binance after redeeming from Lido, suggesting renewed exchange and liquidity activity. Despite persistent ETF outflows earlier in the week and concerns over quantum computing risks flagged by Google, Ethereum has shown resilience, supported by active trading and investor interest.