ETH Surges 4.21% as Institutional Inflows, ETF Buys, and US Legislation Drive Bullish Momentum

Ethereum (ETHUSDT) has experienced a notable price increase of 4.21% over the past 24 hours, rising from a 24h open of $3,553.08 to a current price of $3,702.71 on Binance. This upward movement is primarily attributed to significant institutional activity, including the purchase of 115,770 ETH through Ethereum ETFs with net inflows of $402.5 million, and announcements from major financial institutions such as Charles Schwab planning to launch spot trading for Ethereum. Additional support comes from corporate treasury shifts, with firms like BTC Digital and Bit Digital Inc. increasing their Ethereum holdings, and positive legislative developments in the US that suggest potential regulatory clarity. The broader cryptocurrency market has also surpassed a $4 trillion capitalization, reflecting strong overall market sentiment and contributing to Ethereum’s robust trading volume, which is reported at approximately $28.26 billion in the last 24 hours. Ethereum remains the second-largest cryptocurrency by market capitalization, with recent price action showing bullish momentum and strong investor interest.