Ethereum experienced a significant price increase, leading to a record inflow of $2.3 billion.

Over 627,770 ETH flowed into exchanges as traders took advantage of the price surge.

Ethereum's Netflow has been positive, indicating more ETH entering exchanges than leaving.

Short traders faced substantial liquidations, with over 20,558 ETH liquidated on May 20th.

Speculation of an Ethereum ETF approval has been noted, evidenced by notable outflows of ETH on Coinbase.

Despite a slight drop, Ethereum reached $3,789 on May 21st, a price last seen in March.

The current price of Ethereum is around $3,749.