ETH Surges 5.73% as $25M Shorts Liquidated and U.S. Spot ETFs Drive Bullish Momentum

Ethereum (ETHUSDT) has surged in the past 24 hours, with the price rising 5.73% to $4,190.09 on Binance, driven by a combination of bullish news and strong market activity. Key factors contributing to this price increase include the liquidation of $25 million in ETH short positions, significant net inflows into U.S. spot Ethereum ETFs, and positive developments such as the Ethereum Foundation's gas limit increase and the launch of new tokenized funds on the Ethereum blockchain. Robust trading volumes, a market capitalization exceeding $470 billion, and a shift in technical indicators from bearish to bullish further support the upward momentum. Ethereum remains volatile, with a 24-hour trading range between $3,963.07 and $4,190.09, and market sentiment is optimistic as traders anticipate further gains.