Ethereum Surges 3.5% Amid Institutional ETF Inflows and Regulatory Clarity

Ethereum's price surged by 3.5% to $1,944.53 on July 27, marking a significant shift in market sentiment after weeks of sideways trading.

The rally is attributed to renewed institutional inflows into spot Ethereum ETFs, which broke an eight-week streak of outflows and recorded net inflows of $337.74 million throughout July.

The SEC's settlement over its investigation into Ethereum on July 26 also boosted investor confidence by removing a major regulatory uncertainty.

Tightening supply through increased staking and fee burns, combined with a technical breakout on July 21, further contributed to the price momentum.