ETH Token Surges 5.75% as $40.7M ETF Inflows and Institutional Moves Drive Momentum

Ethereum (ETHUSDT) experienced a 5.75% price increase over the past 24 hours, rising from 2452.32 to 2593.31 USDT on Binance. This upward movement is primarily attributed to significant inflows into U.S. spot Ethereum ETFs, including a $40.7 million net inflow led by BlackRock’s ETHA ETF, as well as the transfer of nearly 100,000 ETH to a major exchange—both indicating heightened institutional interest. Positive technical signals, such as a breakout from recent consolidation and strong support at key moving averages, further contributed to bullish sentiment and increased trading activity.

Currently, ETHUSDT is trading at 2593.31 with a 24-hour trading volume of over 692,726 ETH (approximately 1.77 billion USDT) on Binance. The asset remains volatile, with a market capitalization of about $313.37 billion and a circulating supply exceeding 120 million ETH, maintaining its position as the second-largest cryptocurrency by market cap.