$ETH Ethereum (ETH) is currently trading at around $2,541.46, with a 6.96% decrease in the past 24 hours. Despite this drop, Ethereum's market capitalization stands strong at approximately $305.96 billion, with a circulating supply of 120.72 million ETH.

*Recent Developments:*

- *Spot Ethereum ETFs*: Have amassed around $11 billion in assets under management (AUM) since their launch, with $2 billion in net inflows in December 2024, nearly doubling November's figures.

- *Institutional Interest*: BlackRock has ramped up accumulation, driving Ethereum's price and contributing to its strong market performance.

- *Network Activity*: Rising on-chain activity and whale accumulation are contributing to Ethereum's bullish sentiment ¹.

*Market Performance:*

- *24-hour trading volume*: $42.13 billion, representing a 57.30% increase from one day ago.

- *All-time high*: $4,721.07, reached on November 12, 2021.

With its strong market presence and growing adoption, Ethereum remains a significant player in the cryptocurrency market ¹ ².