ETH Surges 3.96% as Institutional Buys, ETF Inflows, and Pectra Upgrade Fuel Bullish Momentum

Ethereum (ETH) is currently trading at $2,627.37 with a 24-hour price change of +3.96% and strong trading volume, reflecting a rebound from recent lows and outperforming the broader crypto market. The latest price increase is attributed to renewed institutional interest, including SharpLink Gaming's SEC filing to acquire $1 billion in ETH, robust ETF inflows, and positive sentiment following the Pectra network upgrade. While ETH faced selling pressure and consolidation near the $2,460–$2,500 range due to negative funding rates and resistance at $2,580–$2,600, the combination of increasing staked ETH (now over 25% of supply), large-scale whale transfers, and technical indicators pointing to a potential bullish reversal have contributed to the recent upward momentum. Macroeconomic factors and upcoming U.S. Federal Reserve decisions remain key risks to monitor.