ETH Surges 6.64% as Record Futures Interest, ETF Inflows, and Corporate Buys Drive Momentum

Ethereum (ETHUSDT) has experienced a notable price increase of 6.64% over the past 24 hours, with the current price at $3,247.13 on Binance. This upward movement is primarily attributed to record-high open interest in ETH futures, strong inflows into Ether ETFs, and significant acquisitions by corporate entities such as SharpLink, which recently became the largest corporate Ethereum holder. Additional bullish sentiment has been driven by sustained institutional inflows into digital asset funds, totaling $990 million over 12 consecutive weeks, and large-scale ETH transfers by early investors. Trading volume remains robust, with approximately $42.88 billion reported in the last 24 hours, and Ethereum’s market capitalization stands at around $391.77 billion, reinforcing its position as the second-largest cryptocurrency.