ETH Surges 7% as $281M ETF Inflows and BlackRock Investment Drive Institutional Momentum

Ethereum (ETH) experienced a notable price increase of 7.26% over the past 24 hours, rising from a 24h open of $2,487.58 to a current Binance price of $2,668.12. This upward movement is primarily attributed to sustained institutional inflows, particularly over 15 consecutive days of net positive inflows into Ethereum spot ETFs totaling $281.07 million in the past week, and significant investments such as the $249 million poured into BlackRock's ETH ETF. Additional market volatility was influenced by recent US-China trade discussions in London, which affected major cryptocurrencies including Ethereum.

Currently, Ethereum maintains strong trading activity with a 24-hour volume of approximately $25.59 billion and a market capitalization near $304.35 billion, reinforcing its position as the second-largest cryptocurrency. The asset has shown consistent positive momentum, supported by both retail and institutional demand, and is benefitting from increased attention amid broader altcoin market optimism.