ETH Surges 7.96% as BlackRock ETF Inflows Hit $300M and Futures Volume Tops Bitcoin

Ethereum (ETH) experienced a notable price increase of 7.96% over the last 24 hours, rising from 2,769.77 USDT to 2,990.30 USDT according to Binance data. This upward movement is primarily attributed to significant inflows into BlackRock's spot Ethereum ETF, which recorded $300 million in a single day, alongside growing institutional interest and a surge in Ethereum futures trading volume that surpassed Bitcoin's. Additional factors contributing to bullish sentiment include the planned rollout of Layer 1 zkEVM, a proposal for 6-second block times (EIP-7782), and increased staking activity, with around 30% of ETH supply staked. The ETHUSDT pair saw strong trading activity, with Ethereum breaking through key resistance levels and 24-hour trading volumes reaching over $3.14 billion USDT, reflecting robust market participation and positive momentum.