Ethereum surged nearly 20% in two days this week, briefly touching $2,312 before settling in the $2,280 to $2,300 range. The rally added approximately $47 billion to ETH’s market capitalization. This marks Ethereum’s most significant single-day percentage gain since May 9, 2025. The surge was driven by expanding US Treasury liquidity, favorable regulatory signals, and institutional accumulation that pulled ETH supply off exchanges.
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