ETH Surges 2.72% as $383M ETF Inflows and Major Institutional Buys Drive Market Momentum

Ethereum (ETH/USDT) has experienced a 2.72% price increase over the past 24 hours, trading at $3,078.88 on Binance. This upward movement is primarily attributed to significant institutional inflows into spot Ethereum ETFs, which saw over $383 million in a single day, and continued optimism regarding potential U.S. spot ETF approvals. Notable transactions, such as SharpLink Gaming’s purchase of 10,000 ETH from the Ethereum Foundation, further highlight growing institutional interest. Ethereum’s robust trading volume, with over $2.31 billion on Binance and a total 24-hour volume of $39.65 billion, underscores heightened market activity, while its market capitalization stands at approximately $372.7 billion.