Ethereum Surges Past $2,500 on Strong Inflows and Short Squeeze

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

This rally marks a 26.4% gain over the last week, with Ethereum's price closing above key moving averages and overcoming significant selling pressure.

Increased U.S. buying demand, a rise in institutional fund holdings to 5.8 million ETH, and reduced overall market leverage after a major short squeeze all contributed to this breakout, suggesting a healthy rally with institutional backing.