ETH Surges 2.44% as BlackRock ETF Inflows Hit $300M, Trading Volume Soars to $17.88B

Ethereum (ETHUSDT) has experienced a 2.44% price increase over the past 24 hours, rising from a 24h open of 2958.00 to a current price of 3030.21 on Binance. This upward movement is primarily attributed to record inflows into Ethereum ETFs, particularly BlackRock's ETHA, which saw $300 million in daily inflows and contributed to a total weekly netflow of $703 million. The strong ETF activity has driven heightened trading interest, reflected in a 24-hour trading volume of approximately $17.88 billion and significant liquidations in Ethereum futures, with $30.84 million liquidated, mostly from long positions. Additional factors supporting the price increase include positive sentiment from broader market rallies, new staking options for U.S. Robinhood customers, and ongoing institutional engagement. ETHUSDT’s price ranged between 2923.32 and 3065.57 in the last 24 hours, with a market capitalization near $358 billion and a circulating supply of 120.72 million ETH, underscoring robust market activity and liquidity.