ETH Surges 2.13% as Margin Trading Expands, Transaction Fees Hit 7-Year Low, and Institutional Adoption Grows

Ethereum (ETHUSDT) has experienced a 2.13% price increase over the past 24 hours, with the current price on Binance at 3005.05 and a 24-hour opening price of 2942.43. This upward movement is attributed to several key developments: Binance's introduction of ETH/USDT margin trading pairs has enhanced leverage and liquidity, while Ethereum's transaction fees have reached their lowest levels since May 2017, making on-chain activity more cost-effective. Additionally, institutional adoption is rising, demonstrated by Coinbase allowing users to borrow up to $1 million against staked Ethereum, and new standards like ERC-8004 are boosting interest in Ethereum’s integration with artificial intelligence and tokenization of real-world assets. Over the last 24 hours, Ethereum saw strong market activity with trading volumes exceeding $28 billion and a market capitalization near $364 billion, maintaining its position as the second-largest cryptocurrency.