ETH Surges 2% as SharpLink Buys 21,487 ETH and BlackRock ETF Hits $300M Inflows

Ethereum (ETHUSDT) is currently trading at $2,989.00 on Binance, reflecting a 2.08% increase over the last 24 hours from an open of $2,927.99. The price uptick is attributed to several key developments: a significant purchase of 21,487 ETH by SharpLink Gaming, bringing its total holdings to 253,000 ETH, and strong inflows into Ethereum ETFs, with BlackRock's ETHA fund recording a record $300 million in a single day. Additionally, Robinhood's announcement enabling U.S. users to stake Ethereum and Solana has contributed to positive sentiment. The Ethereum Foundation’s OTC sale of 10,000 ETH to SharpLink and ongoing anticipation around upcoming U.S. crypto regulatory votes have also influenced market activity.

Ethereum maintains a robust position with a 24-hour trading volume of approximately $15.39 billion, a market capitalization near $358.06 billion, and a circulating supply of about 120.71 million ETH. Despite a 44.3% decline in trading volume from the previous day, Ethereum remains the second-largest cryptocurrency by market cap, with recent price action showing resilience and strong investor interest.