ETH Surges 6.28% as Institutional Inflows and Pectra Upgrade Drive Market Momentum

Ethereum (ETHUSDT) has experienced a notable price increase of 6.28% over the past 24 hours, with the current price at 3,169.76 USDT on Binance. This surge is primarily attributed to strong corporate and institutional accumulation, highlighted by increased ETH holdings among companies such as SharpLink Gaming and over $1 billion in inflows into Ether ETFs since last week. The positive momentum is further supported by the recent Pectra network upgrade, which has enhanced scalability and user experience, and by Ethereum’s ongoing appeal as a strategic asset for large investors.

Market activity has intensified, with 24-hour trading volume on Binance reaching approximately 2.69 billion USDT and Ethereum’s overall market capitalization rising to around $382.63 billion. The asset has traded between 2,961 and 3,175 USDT in the past day, reflecting a strong upward trend and heightened investor optimism.