ETH Surges 6.13% as Mega Whales Accumulate and U.S. Spot ETFs See Strong Inflows

Ethereum (ETHUSDT) experienced a 6.13% price increase over the past 24 hours, rising from a 24h open of 3,498.04 to 3,712.38 on Binance. This upward movement is attributed to a surge in on-chain transaction volume, increased accumulation by large holders ("mega whales") during recent price dips, and notable net inflows into U.S. spot Ethereum ETFs, even as Bitcoin ETFs saw outflows. Additionally, heightened market volatility and significant liquidations—$22.07 million in long and $25.24 million in short positions—contributed to rapid price fluctuations. Ethereum's trading volume reached $28.52 billion, up 50.60% from the previous day, reflecting intensified trading activity amid ongoing market volatility.