Ethereum Surpasses $2,400 as Hormuz Reopens, Risk Appetite Returns

3 weeks ago 21

Rommie Analytics

  • Ethereum’s price surged past $2,400 mark today, April 17, 2026.
  • Global calm (opening or Strait of Hormuz) pushed risk appetite, which lifted crypto with equities.
  • Ethereum’s spot ETF inflows is also steady.

Ethereum climbed by almost 5.5% and has crossed the $2,400 barrier today, April 17, 2026. According to CoinMarketCap, over the past 24 hours, Ethereum is mirroring Bitcoin’s stronger 5.56% gain amid a broadly rising crypto market now at $2.6 trillion, up by 2.45%.

Institutional demand for spot ETFs remains the powerhouse, with six straight days of net inflows nearing $300 million, while a derivatives short squeeze added rocket fuel.

At press time, the price of the token stands at $2,431.39 with an uptick of 5.62% in the last 24-hours as per CoinMarketCap.

ETH 24-hours chart
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