ETH Surges 2.2% as Institutional Inflows and ETF Demand Drive $449M in Purchases

Ethereum (ETHUSDT) experienced a 2.20% price increase over the past 24 hours, rising from 3576.02 to 3654.57 on Binance. This upward movement is primarily attributed to significant institutional accumulation, including SharpLink Gaming increasing its holdings to 521,939 ETH and over $449 million in institutional ETH purchases, as well as a net inflow of $73.3 million into U.S. spot Ethereum ETFs. Despite recent market volatility following new U.S. tariffs and substantial liquidations in ETH perpetual futures—totaling $107.83 million, with nearly 69% from long positions—bullish sentiment has been supported by these large-scale acquisitions and regulatory clarity from the SEC regarding liquid staking.

Currently, Ethereum trades at 3654.57 on Binance with a 24-hour trading volume exceeding $23 billion, maintaining a strong market capitalization above $440 billion and showing resilience near key resistance levels despite recent volatility.