ETH Surges 3.7% as U.S. Spot ETFs, Institutional Inflows, and On-Chain Activity Drive Momentum

Ethereum (ETHUSDT) has experienced a notable price increase of 3.70% over the last 24 hours, with the current price at $3,403.83 on Binance. This upward movement is primarily attributed to strong institutional inflows into U.S. spot Ether ETFs, positive legislative developments in the U.S. supporting a favorable regulatory environment, increased on-chain activity including higher daily active addresses and network fees, and significant accumulation by corporate treasury firms. Additionally, heightened trading activity and optimism among both retail and corporate investors have contributed to the surge. Ethereum’s market capitalization is approximately $411–414 billion, with a 24-hour trading volume exceeding $52 billion, and the asset remains the second-largest cryptocurrency by market cap.