ETH Surges 5.61% as Record $73.3M ETF Inflows and Institutional Demand Drive Price Rally

Ethereum (ETH/USDT) has experienced a 5.61% price increase over the past 24 hours, rising from 3,679.04 to 3,885.31 USDT on Binance. This upward movement is attributed to strong institutional interest, evidenced by record spot ETF inflows of $73.3 million, increased ETH holdings and staking activity by major firms, and heightened trading activity with a 27.90% surge in 24-hour volume. Despite significant whale selling and large transfers to exchanges, robust demand from institutions and positive sentiment around potential U.S. Federal Reserve rate cuts have supported the price rally. Currently, Ethereum trades at 3,885.31 USDT on Binance, with a 24-hour trading volume exceeding 2.20 billion USDT, reflecting high market activity and volatility within a daily range of 3,573 to 3,886 USDT.