ETH Surges 2.35% as Spot Ethereum ETFs Hit $726M Inflows and Near 5 Million ETH Holdings

Ethereum (ETH/USDT) experienced a notable price increase over the past 24 hours, primarily driven by record inflows into spot Ethereum ETFs, which saw $726 million in net inflows and pushed ETF holdings to nearly 5 million ETH. This surge in institutional demand, combined with increased on-chain activity such as a 6.7% rise in daily active addresses, contributed to heightened trading volumes and upward price momentum. Additionally, significant market activity was observed as Trend Research sold 69,946 ETH, though the overall market sentiment remained positive due to strong ETF inflows and technical indicators suggesting further potential gains.

As of July 17, 2025, the ETH/USDT pair on Binance is trading at $3,444.45, reflecting a 2.35% increase over the last 24 hours, with a 24-hour trading volume of 1.06 million ETH (3.59 billion USDT) and a market capitalization of approximately $415.11 billion.