ETH Surges 3% as BitMine Invests $117M and Ether ETFs Reverse Outflows, Boosting Market Momentum

Ethereum (ETHUSDT) experienced a 3.04% price increase over the last 24 hours, reaching $3,003.10, with this movement primarily attributed to renewed institutional interest—such as BitMine’s acquisition of 40,302 ETH for $117 million—and positive inflows into Ether ETFs, which broke a four-day outflow streak. Despite mixed sentiment in community forums and some bearish signals following a break below key support levels, robust trading activity (24h volume between $22.25 billion and $25.77 billion) and increased institutional participation have supported the current price recovery. Ethereum remains in a consolidation phase with notable volatility and active trading, while its market capitalization stands at approximately $354–$358.7 billion, reinforcing its position as the second-largest cryptocurrency.