ETH Surges 4.6% as Spot ETF Inflows Hit $726M and Market Cap Tops $400 Billion

Ethereum (ETHUSDT) experienced a 4.60% price increase over the last 24 hours, rising from a 24h open of 3457.36 to a current price of 3616.55 on Binance. This upward movement is primarily attributed to significant net inflows into Ethereum spot ETFs totaling $726.74 million, renewed bullish sentiment following Ethereum’s market capitalization surpassing $400 billion, and strong trading activity reflected in a 24-hour volume of up to $56.3 billion. Additional momentum was driven by positive analyst outlooks, Ethereum breaking through key resistance levels, and increased institutional interest, as highlighted by recent treasury strategies and reserve allocations. Ethereum remains the second-largest cryptocurrency by market cap, with robust trading volumes and active market participation supporting its current bullish trend.