ETH Surges 2.63% as ETF Inflows Hit $326M and Pectra Upgrade Boosts Network Efficiency

Ethereum (ETH) is currently trading at $2,634.10 with a 24-hour price increase of 2.63% and strong trading volume, reflecting robust market activity and a market capitalization in the range of $309–$312 billion. The recent price rise is attributed to several key factors: significant inflows into U.S. spot Ethereum ETFs ($326 million, the highest in 15 weeks), large-scale whale activity including a 30,000 ETH OTC purchase, and the successful implementation of the Pectra upgrade which enhanced network efficiency and staking features. Additionally, increased layer-2 network activity and positive sentiment from institutional and retail investors have contributed to Ethereum’s bullish momentum, helping it outperform most altcoins in the current market cycle.