ETH Surges 5.95% as Spot ETF Inflows Hit 106,000—Volatility Rises Ahead of Key Vote

Ethereum (ETHUSDT) has experienced a 5.95% price increase over the past 24 hours, with the current price at $2,560.83 according to Binance data. This upward movement is primarily attributed to continued institutional inflows into spot Ether ETFs, as evidenced by seven consecutive weeks of positive flows and a recent addition of 106,000 ETH. Additionally, broader market optimism ahead of a major legislative vote and increased trading activity have contributed to bullish momentum. Despite these positive drivers, the market has also seen over $1.35 million in ETHUSDT long liquidations, negative perpetual funding rates, and increased exchange inflows, indicating some bearish pressure and ongoing volatility. The 24-hour trading volume stands at approximately $22.60 billion, with ETH trading between $2,373.00 and $2,619.28, and a circulating supply of about 120.72 million ETH.