ETH Surges 3.19% as Institutional Inflows and $62.1M ETF Boost Spark Upward Momentum

In the last 24 hours, ETHUSDT has risen by 3.19%, opening at 2582.75 and reaching a current price of 2665.18 on Binance. This price increase is primarily attributed to strong institutional interest, as evidenced by recent large acquisitions from firms like SharpLink Gaming and Bit Digital, as well as net inflows of $62.1 million into ETH ETFs and heightened staking activity. Additional support comes from positive sentiment following Ethereum’s robust trading volume, which has ranged between $14.09 billion and $18.56 billion, and a market capitalization holding steady around $315 billion to $319.7 billion. The combination of increased institutional accumulation, active trading, and favorable news regarding both Ethereum and Tether has contributed to the recent upward momentum in ETHUSDT.