ETH Surges 2.77% as Spot ETF Inflows, $7.26B Liquidations, and NFT Leadership Drive Momentum

Ethereum (ETHUSDT) has risen by 2.77% over the past 24 hours, with the current price at 3552.66 USDT on Binance. The recent price increase is attributed to several factors: strong investor confidence reflected in record-breaking net inflows into spot Ethereum ETFs in July, heightened trading activity following significant market liquidations totaling $7.26 billion USDT, and renewed bullish sentiment after ETH rebounded from a recent low of 3,372 USDT. Additional support comes from Ethereum's leadership in NFT sales and ongoing network development proposals aimed at enhancing security. The 24-hour trading volume remains robust, ranging from $19.65 billion to $22.49 billion, and market capitalization is approximately $427.5 billion, underscoring Ethereum’s continued prominence and active investor engagement.