ETH Surges 9.85% as $192M ETF Inflows and Pectra Upgrade Fuel Market Momentum

Ethereum (ETHUSDT) has experienced a notable price increase of 9.85% over the past 24 hours, with the current price at $3,382.14 according to Binance data. This upward momentum is primarily attributed to strong institutional inflows, particularly the $192.3 million net inflow into U.S. spot Ethereum ETFs on July 15, 2025, and significant purchases by Ethereum treasury companies, which have acquired over 545,000 ETH in the past month. Additional contributing factors include heightened anticipation for the upcoming Pectra upgrade, which aims to improve scalability and reduce gas fees, and the recent minting of $2 billion in USDT on the Ethereum blockchain by Tether, increasing overall liquidity.

The market has seen elevated trading activity, with 24-hour volumes reaching up to $55.77 billion and Ethereum's market capitalization estimated at approximately $408.53 billion. The price has remained resilient above the $3,000 level, reflecting strong buying interest and positive sentiment in the market.