<ul data-eligibleForWebStory="false">Ethereum (ETH) surged by over 6% in the last 24 hours, reaching approximately $2,594.49 amid increased trading volume and market capitalization.BitMine Immersion Technologies moved its treasury from Bitcoin to Ethereum, showing confidence in ETH's long-term store-of-value potential.Ethereum-based exchange-traded funds (ETFs) received $40 million in new capital, indicating a shift in institutional interest towards ETH products.Technical indicators suggest a potential breakout for Ethereum towards $2,900, with the price needing to hold above $2,530 as a key resistance level.