ETH Token Surges 3% as iShares ETF Hits 2 Million ETH and NFT Activity Soars 133%

ETHUSDT has experienced a 3.07% price increase over the past 24 hours, with the current price at 3,046.09 USDT according to Binance. This upward movement is primarily attributed to significant inflows into Ethereum-based ETFs, notably iShares ETH ETF surpassing 2 million ETH holdings, and heightened on-chain activity, including a 133% weekly surge in Ethereum NFT transaction volume. Additional factors include recent large ETH purchases using USDC and broader market rallies, with Bitcoin approaching $120,000, which have contributed to increased trading volume and positive sentiment. In the last 24 hours, Ethereum’s trading volume has risen substantially, reflecting strong market engagement and consolidating its position as the second-largest cryptocurrency by market capitalization.