Ethereum Price Surges Above $2,000 Amid ETF Inflows and Stronger Market Sentiment

Ethereum's price has seen a significant surge in the last 24 hours, rebounding above the critical $2,000 level. This upward momentum follows a brief downturn that affected major digital assets, including Bitcoin and XRP. The total crypto market capitalization has also increased by 5% to $2.35 trillion, reflecting stronger buying activity.

The latest Ethereum price rally coincides with steady inflows into spot exchange-traded funds (ETFs), boosting institutional confidence in digital assets. According to SoSoValue data, Bitcoin spot ETFs recorded a total net inflow of $258 million on February 24, while Ether ETFs attracted over $9 million in new investments.

The Ethereum Foundation's announcement to stake 70,000 ETH from its treasury also signals a more active treasury management strategy and reinforces long-term commitment to the Ethereum network. From a technical perspective, ETH has climbed to $2,068, with bullish indicators supporting further upside.