ETH Surges 2.28% Amid $61 Million Liquidations and ETF Inflows as June Volatility Compresses

Ethereum (ETHUSDT) is currently trading at $2,495.50 on Binance, reflecting a 2.28% increase over the last 24 hours from an open of $2,439.79. This price rebound follows significant liquidations of $28.54 million in long positions and $32.80 million in short positions, indicating heightened volatility and a shift in market positioning. The recent price movement is attributed to ongoing consolidation near the $2,400–$2,500 range, supported by institutional inflows and ETF activity, as well as a recovery from last week’s flash crash and subsequent stabilization. Trading volume across major exchanges has decreased moderately, with Binance and other platforms reporting 24-hour volumes between $17.14 billion and $19.54 billion, consistent with a period of reduced but still substantial market activity. Ethereum remains the second-largest cryptocurrency by market capitalization, with circulating supply stable at approximately 120.7 million ETH. The market is closely watching for a decisive breakout or breakdown as volatility compresses and June draws to a close.