ETH Surges 4.17% as Institutional Inflows Hit $528M and Open Interest Reaches Record $35.36B

Ethereum (ETHUSDT) is currently trading at $2,628.30 on Binance, reflecting a 4.17% increase over the past 24 hours from an open of $2,522.99. The price rise is primarily attributed to a rebound following recent market volatility triggered by geopolitical tensions between Israel and Iran, which led to over $335 million in crypto liquidations and a spike in Ethereum short positions. Despite this, ETH demonstrated resilience supported by renewed institutional inflows, including a $528 million net inflow into U.S. spot Ethereum ETFs for the week ending June 13, 2025. Trading volume surged by 41% to approximately $15.8 billion, and open interest reached an all-time high of $35.36 billion, indicating robust institutional engagement. Overall, ETH remains in a consolidation phase between $2,500 and $2,800, with technical indicators and persistent institutional activity underpinning a moderately bullish outlook.