ETH Surges 6.3% as Spot ETF Inflows Hit $5.4B, Large Investors Drive Bullish Momentum

Ethereum (ETHUSDT) has experienced a 6.32% price increase over the past 24 hours, rising from a 24h open of $3,499.30 to $3,720.37 on Binance. This upward movement is primarily attributed to sustained institutional inflows into spot ETH ETFs, which have reached $5.4 billion over the past 20 days, as well as significant accumulation by large investors, including a $274 million OTC purchase and continued holdings by corporate entities. The recent recovery above $3,500, supported by 12 consecutive weeks of ETF inflows and robust trading activity, has reinforced bullish sentiment despite recent liquidations and a brief period of selling pressure.

Currently, Ethereum is trading at $3,720.37 with a 24-hour trading volume of approximately $28.36 billion and a market capitalization near $443.97 billion, reflecting strong liquidity and positive momentum in the market.