ETH Surges Past $3,000 as $1.3B ETF Inflows and Major Institutions Drive Record Momentum

Ethereum (ETHUSDT) has risen 2.18% in the past 24 hours, currently trading at 3,079.15 USDT on Binance. The price increase is primarily attributed to strong institutional inflows into Ethereum ETFs, with $1.3 billion in net inflows over the past week and a record $300 million single-day inflow into BlackRock's ETHA ETF. Additional momentum comes from SharpLink Gaming's announcement of holding over 280,000 ETH, making it a top corporate holder, and expanded institutional and retail adoption, including Standard Chartered and BBVA offering Ethereum trading and staking options.

Market activity remains robust, with a 24-hour trading volume of $2.47 billion for ETHUSDT on Binance and a total market capitalization estimated between $367 billion and $371.54 billion. Ethereum has reclaimed the key $3,000 level, with a 24-hour high of $3,097.32 and a low of $2,932.46, reflecting increased investor confidence and heightened trading activity.