ETH Surges Past $2,000 on Strong Institutional Inflows
Ethereum's price surged to $1963.11, marking a two-month high and a 51.81% increase over the past week.
The cryptocurrency has been buoyed by institutional spot ETH ETF inflows, rising staking participation and burn rates creating significant supply-side constraints for Ethereum.
Derivatives data also shows bullish sentiment amid expectations of increased institutional adoption and clarity.