ETH Surges 5.55% as Institutional Inflows and ETF Demand Drive Price Past $2,749

Ethereum (ETHUSDT) has seen a 5.55% price increase over the past 24 hours, rising from 2,605.20 to 2,749.68 USDT on Binance. This upward movement is primarily attributed to increased institutional activity, notably strong net inflows into Ethereum ETFs with 23,129 ETH added—20,670 ETH of which came from Blackrock's iShares. Additional contributing factors include higher staking rates, changes in exchange reserves, and a recent bullish technical breakout above key resistance levels, which has reinforced positive market sentiment.

Currently, ETHUSDT is trading at 2,749.68 USDT with a 24-hour trading volume of 525,702.27 ETH (approximately 1.40 billion USDT on Binance), reflecting robust market activity and volatility. Ethereum’s market capitalization stands at about $327.76 billion, maintaining its position as the second-largest cryptocurrency.