ETH Surges 4.26% as Institutional Interest, Record Network Activity, and Whale Trades Drive Momentum

Ethereum (ETHUSDT) saw a 4.26% price increase over the past 24 hours, rising from 3002.48 USDT to 3130.41 USDT. This upward movement is primarily attributed to a surge in bullish sentiment, increased institutional interest, and a sharp rise in trading activity, as reflected by a notable jump in 24-hour trading volume and active participation from both retail and whale traders. Market analysts highlight a positive reaction to recent comments from Ethereum co-founder Vitalik Buterin regarding network goals for 2026, alongside record network activity surpassing previous NFT boom metrics, and a trend of major companies holding ETH as a reserve asset. Large-scale liquidations have occurred, with $2.93 million in long and $6.99 million in short liquidations reported, while active defense of support zones by buyers has contributed to the bullish momentum. As of the latest data, ETH trades at 3130.41 USDT, with a circulating supply of 120,694,892 ETH and a market capitalization of around $377.36 billion, reflecting robust market engagement.