ETH Surges 2.74% as BlackRock ETF Filing and $429M BitMine Investment Spark Volatility

Ethereum (ETHUSDT) saw a 2.74% price increase over the past 24 hours, primarily attributed to strong institutional interest driven by BlackRock's recent filing for an Ethereum ETF and BitMine's $429 million investment in ETH, both fueling positive market sentiment and a surge in trading activity. Increased on-chain movements by large holders and heightened derivatives activity contributed to volatility, with notable whale positions indicating continued confidence. Currently, ETHUSDT is trading at $3,131.04 on Binance with a 24-hour volume of $1.51 billion, reflecting robust market participation and ongoing investor attention amid elevated volatility and technical levels being closely watched.