ETH Surges 3.57% as U.S. Spot ETF Inflows Hit $890M, Outpacing Bitcoin in Derivatives

Ethereum (ETHUSDT) has risen 3.57% in the past 24 hours, with the Binance price reaching $2,839.18 from a 24h open of $2,741.40. This price increase is primarily attributed to sustained inflows into U.S. spot ETH ETFs, which have accumulated approximately $890 million over 16 consecutive days, signaling strong institutional demand. Additional drivers include a surge in derivatives trading volume to $110 billion—surpassing Bitcoin for the same period—as well as renewed interest in DeFi protocols and supportive regulatory signals from the U.S. SEC. ETH is currently trading near its highest level since February 2025, with a circulating supply of around 120.7 million ETH, a market cap estimated at $344.62 billion, and 28.3% of supply staked. Trading volumes remain robust, reflecting both heightened investor activity and anticipation of continued volatility, as ETH approaches key resistance levels near $2,837.