ETH Surges 4.65% as US Spot ETF Launch, $226M Inflows, and Golden Cross Drive Bullish Momentum

Ethereum (ETHUSDT) has experienced a notable 4.65% price increase over the past 24 hours, rising from a 24h open of 2655.44 to a current price of 2778.80 on Binance. This upward movement is primarily attributed to several key factors: the recent approval and launch of spot Ethereum ETFs in the United States, which has significantly increased institutional access and demand; strong net inflows into ETH-focused funds, with $226.4 million reported in the latest week; and heightened market activity, evidenced by the liquidation of $45.55 million in short positions, reflecting a shift in sentiment. Additional positive momentum comes from large-scale treasury initiatives, such as GameSquare's announced $100 million Ethereum treasury, and technical indicators like the formation of a "golden cross" pattern. Overall, Ethereum's market capitalization stands at approximately $335 billion, with robust 24-hour trading volume exceeding $27 billion, underscoring strong investor participation and a bullish market outlook.