ETH Token Surges 2% Amid $468M Liquidations and Strong Institutional Inflows, Trading Near $2,500
ETHUSDT is currently trading at $2,491.98, reflecting a 2.09% increase over the past 24 hours from a 24h open of $2,441.06. The price uptick is attributed to sustained institutional inflows and increased exposure to ETH, as well as ongoing accumulation observed on-chain with five consecutive days of ETH inflows to Binance. Despite this, the market experienced significant volatility, with approximately $468 million in ETH positions liquidated—primarily long positions—suggesting both profit-taking and stop-loss triggers near major resistance levels around $2,550. Recent developments, such as the launch of Ripple’s EVM sidechain and continued interest in Ethereum’s ecosystem, have supported market activity. Trading volume remains robust, with ETH maintaining a market cap near $300 billion and a circulating supply of approximately 120.71 million ETH. Overall, Ethereum’s market is active, with strong trading volumes and institutional interest underpinning recent price movements.