ETH Surges 2.95% Amid $422M ETF Outflows, Institutional Selling, and $3.9B Unstaking Queue

Ethereum (ETHUSDT) experienced a 2.95% price increase over the last 24 hours, rising from a 24h open of $4,182.91 to a current price of $4,306.24 on Binance. This upward movement is attributed to a recovery wave following a dip to the $4,050 zone, despite significant outflows from Ethereum ETFs totaling $422.2 million and institutional selling of 4,000 ETH. Additional factors influencing volatility include over $3.9 billion worth of ETH queued for unstaking, a notable decrease in trading volume, and recent news of the U.S. government seizing 76.56 ETH related to the Uranium Finance hack. The market remains highly active, with 24-hour trading volumes reported between $1.74 billion and $47.73 billion across platforms, and Ethereum’s market capitalization estimated at approximately $517.5 billion to $524.32 billion. Technical indicators show strong buying pressure, with the RSI in overbought territory, while price action continues to test key resistance levels near $4,400.