Ethereum Surges Past $2,500 on $512M ETF Inflows and Short Position Liquidation

Ethereum surged past $2,500 for the first time since mid-April, driven by strong inflows of $512.4 million into US spot Ethereum ETFs over four days and a massive $1.69 billion short position liquidation in three days.

This rally marks a 26.4% gain over the past week and has pushed futures trading volumes to $94.42 billion, with bullish sentiment dominating the market.

Analysts now see $3,000 as the next key resistance level, supported by low profit-taking and strong technical indicators, despite some overbought signals.