ETH Surges 2.77% After Pectra Upgrade, ETF Inflows Fuel Momentum Toward $3,000 Target

Ethereum (ETH) is currently trading at $2,637.20 on Binance, up 2.77% over the past 24 hours with significant trading volume, reflecting strong market participation and a market capitalization of approximately $312 billion. The recent price increase is primarily attributed to the successful deployment of the Pectra upgrade, which introduced major enhancements to Ethereum’s consensus and execution layers, as well as positive sentiment driven by rising spot ETF inflows and robust trading activity. Continued institutional interest and technical momentum above key support levels have further contributed to the bullish movement, with analysts setting short-term targets near $3,000 amid an overall optimistic outlook for the remainder of 2025.