#ETHCrossed2500 Ethereum (ETH) rose by 6% on Friday, extending its weekly gains to 29% after nearly two weeks of consolidation near $1,800. The recent recovery comes from an increase in buying pressure from investors in the spot market following a sharp decline in ETH exchange reserves.

Ethereum recorded a gain of 21.8% on Thursday, its largest single-day gain since May 24, 2021, despite the increase in spot Ether ETFs in the U.S. extending their negative flows to three consecutive days of net outflows after losing $16.11 million on Thursday, according to data from SoSoValue. Ethereum's funding rates also remained at normal levels near 0.01, indicating that the recovery was not driven by ETF flows or high-leverage trading.#ETHCrossed2500