ETH Surges 3.5% as $38.8M ETF Inflows and BlackRock Drive Bullish Momentum

Ethereum is currently trading at $2,731.30 with a 24-hour opening price of $2,637.90, reflecting a 3.54% increase and strong trading volume, while maintaining its position as the second-largest cryptocurrency by market capitalization. The recent price surge is primarily attributed to significant institutional inflows, including a $38.8 million net inflow into Ethereum ETFs and BlackRock's $32.5 million ETH acquisition, as well as notable whale accumulation and increased market confidence, which have driven bullish sentiment and accelerated trading activity over the past few days.