Ethereum Price Soars 73% to $2,481 on Institutional Demand and Macro Catalysts

The Ethereum price surged 73% to $2,481, closely mirroring Bitcoin's 1.54% gain.

This increase was largely driven by sustained institutional demand through spot ETFs and a broader macro-driven market rally.

Bitmine Immersion Technologies purchased an additional 32,447 ETH worth about $81 million last week, bringing its total holdings to 5,847,611 ETH.

This represents about 4.8% of Ethereum's circulating supply, leaving the company just 187,000 ETH short of its publicly stated goal to own 5%.