ETH Surges 8.81% as Institutional Inflows, Beacon Chain Staking, and Pectra Upgrade Drive Momentum

Ethereum (ETH) has experienced a significant 8.81% price increase over the past 24 hours, trading at $2,745.00 on Binance, driven by several key factors. The primary contributors to this rally include sustained institutional inflows into U.S. spot Ethereum ETFs, which have recorded 15 consecutive days of net inflows totaling over $837 million, as well as a broader uptick in digital asset investment products. Additionally, the recent Pectra network upgrade has enhanced transaction efficiency and reduced fees, further supporting positive sentiment. A record high of 34.65 million ETH staked on the Beacon Chain and a Bitcoin-led market rally have also contributed to the upward price movement. Ethereum’s market capitalization has risen to approximately $334 billion, with a 24-hour trading volume exceeding $30 billion, as the asset tests the critical $2,800 resistance level and maintains strong momentum following a period of consolidation.