ETH Surges 5.65% as U.S. Spot ETF Inflows and Institutional Demand Drive $14B Trading Volume

Ethereum (ETHUSDT) experienced a 5.65% price increase over the past 24 hours, rising from a 24h open of $2,432.15 to a current Binance price of $2,569.58. This upward movement is primarily attributed to continued strong net inflows into U.S. spot Ethereum ETFs, with $31.8 million recorded on July 1, 2025, and ongoing institutional interest, including significant contributions from Fidelity and BlackRock. The SEC's approval of Grayscale's Digital Large Cap Fund conversion to a spot ETF, which includes ETH, further supported positive sentiment. However, some market caution persists due to recent whale movements and technical indicators suggesting potential resistance and volatility. As of July 2, 2025, Ethereum maintains robust trading activity with 24-hour volumes exceeding $14 billion and a market capitalization near $310 billion, reflecting sustained investor engagement and heightened market attention.