Ethereum Surges Past $2,500 on Stablecoin Growth and ETF Inflows

Ethereum (ETH) has reclaimed the $2,500 level after experiencing growth in stablecoin supply and exchange-traded fund (ETF) inflows.

The total stablecoin market cap increased by roughly $4.1 billion over the past two weeks, with $2.37 billion of that coming in the last seven days.

This marks the first two-week expansion since mid-May, when the crypto market saw a nearly 30% decline after a brief bear-market rally.