Ethereum Price Soars as Trading Volume Jumps and Institutional Demand Rises

Ethereum's price surged by 4.52% to $1,967.76 in the last 24 hours, significantly outperforming the rest of the crypto market which saw a 1.46% gain.

The substantial increase in trading volume, up 118% to $9.21 billion, suggests larger investors are entering the market.

This is evident as capital continues to flow from Bitcoin into altcoins, with Ethereum's market share rising from 9.17% to 10.62% over the past month and the Altcoin Season Index also climbing.