ETH Surges 3.76% as $2.85B ETF Inflows and Historic Supply Low Drive Market Momentum

ETHUSDT experienced a 3.76% price increase over the past 24 hours, rising from 4394.56 to 4560.01, as reported by Binance. This upward movement is primarily attributed to substantial institutional inflows into spot Ethereum ETFs, totaling $2.85 billion for the week and led by BlackRock, which has reinforced investor confidence. Additional factors include a historic low in ETH supply on exchanges (12%), indicating reduced selling pressure, and over $3.8 billion worth of ETH queued for unstaking on platforms such as Lido and Coinbase, further tightening available supply. The recent minting of 1 billion USDT on the Ethereum network has also contributed to increased market liquidity and trading activity. Ethereum’s market capitalization remains robust at approximately $550 billion, with a 24-hour trading volume ranging from $22.3 billion to $27.78 billion, despite a reported decrease in volume, reflecting continued strong interest from traders and investors.