ETH Surges 3.27% as $1 Billion ETF Inflows and Major Purchases Drive Market Momentum

Ethereum (ETHUSDT) has experienced a notable price increase of 3.27% over the last 24 hours, currently trading at $4,452.30 on Binance. This upward movement is primarily attributed to record net inflows into spot Ethereum ETFs, which saw $1 billion added on August 11, alongside strong institutional interest and positive technical indicators. Significant transactions, such as Fundamental Global's purchase of 47,331 ETH and large wallet activity, have also contributed to heightened market activity. Ethereum's market capitalization stands at approximately $531.43 billion, with a 24-hour trading volume between $42.75 billion and $49.12 billion, reflecting robust investor engagement and liquidity.