ETH Surges 5.95% as Spot ETF Inflows Top $500M and On-Chain Activity Hits New Highs

Ethereum (ETHUSDT) has experienced a notable price increase of 5.95% over the past 24 hours, with the current price at $3,753.91 on Binance. This upward movement is attributed to continued institutional inflows, particularly into Ethereum spot ETFs, which have seen over $500 million in daily inflows and annual ETF flows nearing $51 billion. Additional bullish sentiment has been driven by significant acquisitions, such as Bit Digital, Inc.'s purchase of 19,683 ETH, and increased on-chain activity, with Dune Analytics reporting over 819,000 ETH bridged to the Linea mainnet. The broader market has also been influenced by a growing risk appetite among investors and external factors, including recent public statements from prominent figures. Trading activity remains robust, with a 24-hour volume of approximately $49.16 billion and Ethereum maintaining a market capitalization of around $452.04 billion, reflecting strong market engagement and sustained momentum near six-month highs.