ETH Surges 4.7% as BlackRock Buys 14,030 Tokens and Spot ETF Inflows Hit $125M

Ethereum (ETHUSDT) experienced a notable 4.70% price increase over the past 24 hours, rising from a 24h open of $2,667.80 to a current price of $2,793.13 on Binance. This upward movement is primarily attributed to significant institutional activity, including BlackRock's acquisition of 14,030 ETH and substantial net inflows into Ethereum spot ETFs, which totaled $125 million on June 10, 2025. Increased trading volumes, particularly on Binance where transactions rose by 13–15%, and a 12% jump in large wallet holdings further signal growing institutional and whale accumulation. The surge in trading activity and price was also influenced by broader geopolitical events and political developments, such as U.S.-China trade negotiations and statements from public figures, which contributed to heightened market volatility and investor interest in ETH. Overall, Ethereum's market capitalization climbed to approximately $307.25 billion, with trading volumes reaching $33.9 billion in the last 24 hours, and technical indicators remain bullish as ETH approaches key resistance at $2,800, with potential for further gains if current trends persist.