ETH Surges 4.64% as $1B ETF Inflows and Record Trading Volume Drive Market Momentum

Ethereum (ETHUSDT) has risen 4.64% over the past 24 hours, with the current price at $3,746.75 on Binance. The price increase is primarily attributed to strong institutional inflows into Ethereum ETFs, with over $1 billion reported in the past week and major participation from BlackRock and Fidelity. Additional drivers include a 50% rise in CME open interest for Ethereum futures, increased corporate treasury adoption, and a surge in NFT trading activity on the Ethereum blockchain. The broader cryptocurrency market has also seen positive momentum, with global market capitalization surpassing $4 trillion, further supporting Ethereum’s upward movement. Trading volume remains robust, with over 759,000 ETH traded on Binance in the last 24 hours, reflecting heightened market activity and bullish sentiment among both retail and institutional investors.