ETH Surges 4.86% as $1 Billion ETF Inflows and On-Chain Moves Drive Price to $4,510

Ethereum (ETHUSDT) has risen 4.86% in the past 24 hours, with the current price at $4,510.81 on Binance. The price surge is primarily attributed to strong institutional inflows, notably over $1 billion into Spot Ethereum ETFs, and heightened bullish sentiment following Ethereum’s breakout above $4,400. Significant on-chain activity, including Galaxy Digital’s transfer of 29,000 ETH, and robust trading volumes exceeding $49 billion further support the upward momentum. Ethereum’s market capitalization now stands at approximately $541.85 billion, with the asset trading about 8% below its all-time high and maintaining strong liquidity and investor interest.