ETH Surges 4% as $248M ETF Inflows and Whale Activity Drive Strong Market Momentum

Ethereum is currently trading at $2,662.23 on Binance, reflecting a 4.06% increase over the past 24 hours, with strong trading volume and a 24h open of $2,558.39. The recent price rise is attributed to increased institutional interest, as evidenced by $248.2 million in net inflows into Ethereum ETFs, heightened on-chain activity, and significant transfers from dormant whale addresses to exchanges, alongside ongoing network upgrades and robust market fundamentals. These factors, combined with broader bullish sentiment and new trading features introduced on major platforms, have contributed to the positive momentum observed in Ethereum’s price and trading activity.