David PokimaDavid Pokima David Pokima Last updated: January 16, 2024 21:38 EST | 2 min read Ethereum Soars Over 11 Above $2,530, Institutional Products Attract $55 Million This YearEthereum Soars Over 11 Above $2,530, Institutional Products Attract $55 Million This YearSource: Pexels

The Ethereum (ETH) price has surged over 11 in 2024, continuing a steady growth cycle from December 2023 as it marks a weekly rise in institutional inflows to investment products.

Ethereum trades hands at $2,537 at the time of writing after marking a 5.37 growth in the last seven days and a 14.56 rise in the past month as bulls look set for more gains despite a slight market correction.

Last year, the asset notched a 91 price increase to end the year at $2,294, while its trading volumes and institutional products remained low. Still, an uptick was recorded in the fourth quarter.