ETH Surges 4.91% as Strong Buying Overcomes ETF Outflows and Industry Selling on Binance

Ethereum (ETHUSDT) experienced a notable price rebound in the past 24 hours, rising by 4.91% from an open of $2829.19 to a current price of $2968.00 on Binance. The recovery follows several market pressures, including significant spot ETF outflows totaling over $533 million in the last week and industry-linked wallets selling over 28,500 ETH, which contributed to bearish sentiment and volatility earlier. Despite this, strong buying activity and a favorable macroeconomic backdrop, such as positive CPI data, supported a short-term bullish reversal as Ethereum rebounded from key support levels near $2800. Trading volume remained robust, with Binance reporting approximately 641,872 ETH traded (about 1.87 billion USDT), and the 24-hour price range spanned $2775.19 to $3031.02, indicating continued high interest and volatility in the market.