Ethereum Surges 4.38% as ETF Inflows Hit $78.2M and Pectra Upgrade Boosts Bullish Momentum

Ethereum is currently trading at $2,613.00 with a 24-hour price increase of 4.38% and strong trading volume, reflecting robust market activity and high liquidity. The recent price surge is primarily attributed to significant net inflows into Ethereum ETFs totaling $78.2 million, renewed institutional interest, and positive sentiment following the successful Pectra network upgrade. Additional factors influencing the price include a multi-year low in ETH reserves on centralized exchanges, increased spot demand, and technical chart patterns indicating bullish momentum. Security incidents, such as the Nervos Network bridge exploit and wallet-draining attacks linked to EIP-7702, have been reported but have not significantly impacted the overall positive market outlook.