ETH Surges 5.92% as Institutional Inflows and ETF Activity Drive Bullish Momentum

Ethereum (ETHUSDT) has experienced a notable price increase of 5.92% over the past 24 hours, currently trading at 4,427.39 USDT on Binance. The surge is primarily attributed to strong institutional interest, highlighted by significant inflows into US-listed Ether ETFs and a reported rise in corporate Ether holdings to $13 billion. Despite a recent $375 million outflow from BlackRock's Ethereum ETF and a large transfer of 26,147 ETH to the Cumberland exchange, bullish momentum remains supported by robust trading activity and positive market sentiment. Ethereum's 24-hour trading volume is substantial, and its market capitalization continues to reinforce its position as the second-largest cryptocurrency, with price action showing buyers in control and key support established above the $3,860–$3,900 range.