ETH Surges 6.44% After Pectra Upgrade and $2.76B ETF Inflows Fuel Bullish Momentum

Ethereum is currently trading at $2,700.38 on Binance, reflecting a 6.44% increase over the past 24 hours, with a 24-hour opening price of $2,537.10 and strong trading volume. The recent price surge is primarily attributed to positive market sentiment following the successful Pectra network upgrade, significant inflows into Ethereum ETFs totaling $2.76 billion over the past six days, and sustained bullish momentum driven by increased institutional and retail interest. Additional factors supporting the upward movement include robust developer activity, ongoing token burns reducing supply, and Ethereum’s prominent position in investment rankings for May 2025.