ETH Surges 2.56% as Spot ETF Inflows Hit $62M and Exchange Reserves Reach Five-Year Low

Ethereum (ETHUSDT) is trading at $2,609.06 on Binance, reflecting a 2.56% increase over the past 24 hours from an opening price of $2,543.98. The recent price rise is primarily attributed to sustained positive inflows into spot Ethereum ETFs, with $62.11 million added on July 7, 2025, and continued investor confidence marked by eight consecutive weeks of net ETF inflows. Additional bullish sentiment comes from Bit Digital’s full allocation of $254.8 million into Ethereum, making it the first publicly listed crypto company to hold only ETH, and the ongoing decline in exchange reserves to a five-year low, suggesting reduced selling pressure and increased long-term holding. In the last 24 hours, Ethereum’s trading volume on Binance exceeded 935 million USDT, with the broader market showing strong activity and the asset consolidating around the key $2,600 level.