ETH Surges 3.37% After Fusaka Hard Fork Upgrade, Whale Longs Drive $1.74B Binance Volume

Ethereum (ETHUSDT) saw a notable 3.37% price increase over the past 24 hours, rising from a 24-hour open of 3001.58 to 3102.70. This upward movement was primarily driven by increased trading volume following the successful completion of the "Fusaka" hard fork upgrade, which improved network scalability and security. Whale activity also contributed, with reports of large investors opening significant long positions on ETH and a surge in market activity, especially on Binance where ETH/USDT trading volume reached approximately $1.74 billion. However, broader market sentiment remains cautious, influenced by ongoing volatility, record net outflows from spot Ether ETFs, and mixed signals from major holders. Ethereum currently trades near 3102.70, with a total 24-hour trading volume of $29.47 billion and a market capitalization around $379.08 billion, underscoring its status as the second-largest cryptocurrency.