ETH Surges 8% as Institutional Inflows and ETF Demand Drive $3.9B Binance Volume

Ethereum (ETHUSDT) has experienced an 8.08% price increase over the past 24 hours, with the current price on Binance at $3,413.94, up from a 24-hour open of $3,158.68. The recent price surge is attributed to several key factors: increased institutional allocation to ETH, notable ETF inflows in both the United States and Hong Kong, and ongoing discussions about upcoming network upgrades. Despite a security incident at BigONE exchange resulting in a $4 million ETH loss, the exchange confirmed user assets are safe and all losses will be covered, minimizing broader market impact. Trading volume has surged significantly, with Binance reporting a 24-hour volume of 3.90 billion USDT and Ethereum’s market capitalization reaching approximately $407.55 billion, underscoring strong market activity and heightened investor interest.