ETH Surges 5.94% as $726M ETF Inflows and Network Upgrades Drive Institutional Momentum

Ethereum (ETH/USDT) has experienced a strong 24-hour price increase of 5.94%, rising from 3542.76 to 3753.37 USDT on Binance. This upward movement is primarily attributed to significant institutional inflows, including $726 million into ETH ETFs over the past week, and large acquisitions by entities such as BlackRock and BitMine. Additional positive sentiment stems from ongoing Ethereum network development, particularly progress on the 'Serengeti' roadmap aimed at reducing gas fees and improving transaction speeds for DeFi and NFT applications. The current market environment is characterized by robust trading volume and heightened investor interest, with Ethereum’s price and market capitalization both showing notable gains and the asset trading near recent highs.