ETH Surges 5.72% as Record $726M ETF Inflows and On-Chain Activity Drive Bullish Momentum

Ethereum (ETHUSDT) experienced a 5.72% price increase over the past 24 hours, rising from 3,421.25 to 3,616.99 USDT on Binance. This upward movement is primarily attributed to record inflows into Ether ETFs, totaling $726.74 million, with significant contributions from BlackRock’s ETHA ETF, and robust on-chain activity, including the Tether Treasury minting 1 billion USDT on the Ethereum blockchain. Additionally, substantial liquidations occurred, with $56.08 million in long positions and $184 million in short positions closed, reflecting heightened volatility and active trading. Despite large holders selling 178,080 ETH (valued at approximately $528 million), strong ETF inflows and increased trading volumes have supported bullish sentiment.

Currently, Ethereum trades at 3,616.99 USDT on Binance, with a 24-hour trading volume of approximately $69.55 billion and a market capitalization of about $437.4 billion, reflecting continued strong market activity and positive momentum.