ETH Surges 2% as $249M ETF Inflows and 21% TVL Jump Signal Renewed Bullish Momentum

Ethereum (ETHUSDT) is currently trading at $2,584.41 on Binance, reflecting a 2.06% price increase over the past 24 hours, with a 24-hour open of $2,532.22. The recent price movement can be attributed to continued institutional inflows, notably $249 million into BlackRock’s Ethereum ETF over the last five trading days, and a surge in Ethereum’s Total Value Locked (TVL) by 21% in the past month, signaling robust DeFi and staking activity. The market also saw significant ETH-related liquidations totaling $27.49 million, including a single $1.42 million liquidation on the ETHUSDT pair, likely contributing to short-term volatility. Despite a brief consolidation phase and a recent whale transfer of $159 million in ETH to exchanges, technical indicators remain largely bullish following the successful Pectra upgrade and increased smart contract activity. Current 24-hour trading volume is substantial, exceeding $16 billion, with Ethereum’s market capitalization near $300 billion and total supply at 120,722,959 ETH.