ETH Surges 2.59% as BlackRock ETF Inflows Hit $300M, Weekly Total Nears $908M

Ethereum (ETHUSDT) has experienced a 2.59% price increase over the past 24 hours, currently trading at 3,063.40 USDT on Binance. This upward movement is primarily attributed to strong inflows into spot Ethereum ETFs, with BlackRock’s ETHA fund recording a $300 million single-day inflow and total ETF inflows reaching $907.99 million for the week, reflecting sustained investor confidence and positive market sentiment. Additional contributing factors include bullish technical indicators, a 30% rebound from June’s lows, and heightened trading activity, as evidenced by a robust 24-hour trading volume between $28.59 billion and $30.49 billion. Ethereum remains the second-largest cryptocurrency by market capitalization, with a circulating supply of approximately 120.71 million ETH and a market cap estimated around $367 billion to $371.61 billion.