Ethereum surged over 18% after ETH Spot ETFs recorded their largest single-day inflows in ten months, with $189.15 million in entries on the day of the rally. BlackRock, Fidelity, and Grayscale ETFs contributed $122 million, $36.54 million, and $16 million respectively. ETH exchange supply dropped 15% in eleven weeks, falling from 7.70 million to 6.54 million tokens, representing the withdrawal of 1.15 million ETH. A whale simultaneously opened a 4x leveraged long position on 20,000 ETH worth $45.38 million on Hyperliquid. To confirm a mid-term bullish reversal, buyers must push ETH above the psychological $2,500 level.
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