ETH Surges 2.29% as $249M BlackRock ETF Inflows Fuel Bullish Momentum and Trading Volume

Ethereum (ETHUSDT) experienced a 2.29% price increase over the past 24 hours, rising from a 24h open of $2,530.74 to a current price of $2,588.71 on Binance. This upward movement is primarily attributed to strong bullish momentum reflected in technical indicators, increased trading volumes, and significant ETF inflows, notably $249 million into BlackRock’s Ethereum ETF, which reinforced investor confidence despite recent market volatility. Additional factors include robust buyer support above $2,400, heightened trading activity on major exchanges, and institutional capital rotation into ETH amid shifting macroeconomic conditions. The 24-hour trading volume remains elevated, indicating sustained investor interest and positive sentiment, though analysts are monitoring on-chain flows to exchanges for potential short-term corrections. Overall, Ethereum’s market activity is strong, with current metrics showing active trading and continued bullish sentiment.