ETH Surges 5.33% as BlackRock ETF Moves, Record Inflows, and U.S. Legislation Drive Rally

Ethereum (ETHUSDT) has experienced a notable price increase of 5.33% over the past 24 hours, rising from an open of 3396.69 to 3577.60 on Binance. This upward movement is primarily attributed to significant institutional interest, highlighted by BlackRock's iShares Ethereum ETF filing for staking approval with the U.S. SEC and record-breaking ETF inflows, including a major purchase of approximately 159,101 ETH by BlackRock. Additionally, the passage of crypto-friendly legislation in the U.S. and a substantial short squeeze have contributed to strong bullish momentum.

Currently, Ethereum is trading at 3577.60 with a 24-hour trading volume between $58.58 billion and $69.99 billion, and a market capitalization of approximately $432–$435 billion, reflecting heightened volatility and increased investor activity.