ETH Surges 2.65% as Institutional Accumulation and Record ETF Inflows Drive Bullish Momentum

Ethereum (ETHUSDT) has experienced a 2.65% price increase over the past 24 hours, rising from a 24h open of $4,619.71 to a current price of $4,742.01 on Binance. This upward movement is primarily attributed to substantial institutional accumulation, with treasury firms acquiring over 2 million ETH since June, and significant ETF inflows, including a record $1 billion in a single day and $729 million in net inflows yesterday. Additional bullish factors include large whale transactions, such as a recent $241.72 million purchase, and positive technical indicators like a bullish MACD crossover. The market remains highly active, with trading volume between $57.6 billion and $61.38 billion and a circulating supply of approximately 120.71 million ETH, reflecting strong investor confidence and heightened interest in Ethereum.