ETH Surges Past $4,300 as BlackRock Buys $254.7M and ETF Inflows Top $700M

Ethereum (ETHUSDT) has experienced a notable price increase in the past 24 hours, rising 2.02% to $4,241.48 according to Binance data. This upward movement is primarily attributed to substantial institutional inflows, including BlackRock's $254.7 million ETH purchase and over $700 million in daily inflows to Ethereum ETFs, as well as significant whale accumulation and record ETF activity. The surge past $4,300 was further supported by strong trading volumes, with Binance reporting a 24-hour ETHUSDT volume of approximately 3.27 billion USDT, and overall market sentiment remains bullish with Ethereum leading recent gains in the crypto sector.