ETH Surges 2.12% as $150M ETF Inflows and DeFi Growth Drive Market Momentum

Ethereum (ETH/USDT) is currently trading at $2,570.64 on Binance, reflecting a 2.12% increase over the last 24 hours from a 24h open of $2,517.16. The recent price uptick can be attributed to significant institutional activity, including ETF inflows totaling $150 million and increased trading volume, alongside ongoing developments in Ethereum’s DeFi ecosystem and network security proposals. Despite a recent period of bearish momentum and large transfers of ETH to exchanges, bullish sentiment persists, supported by options market activity and positive ETF-related news. The 24-hour trading volume stands at $9.36 billion, with a market capitalization of approximately $307.38 billion, indicating heightened market participation and strong liquidity.