ETH Surges 3.3% Amid Geopolitical Volatility as ETF Inflows Hit $862M and Institutional Activity Grows

Ethereum (ETHUSDT) experienced a 3.30% price increase over the last 24 hours, rising from a 24h open of $2,196.92 to a current price of $2,269.37 on Binance. This upward movement follows significant market volatility driven by heightened geopolitical tensions, notably U.S. airstrikes on Iranian nuclear facilities, which initially triggered a broader crypto sell-off and pushed ETH prices below $2,300. Despite the recent downturn and an 11.31% weekly decline, institutional activity remains robust, with notable ETH withdrawals and deposits involving newly created wallets and ongoing ETF inflows totaling $862 million as of June 21. Ethereum’s market cap stands near $275 billion, with 24-hour trading volume between $19.69 and $24.63 billion, reflecting sustained investor engagement amid short-term uncertainty.