ETH Dips 3.57% Amid Surging Active Addresses, Large Holder Moves, and Fusaka Upgrade Buzz

Ethereum is trading at $2,539.92 with a 24-hour opening price of $2,633.96, reflecting a 3.57% decline over the past day, alongside strong liquidity and a 24-hour trading volume of $26.10 billion. The recent price drop is attributed to heightened volatility following a surge in active addresses and large holder accumulation, as well as profit-taking after Ethereum reached a weekly high of $2,693. Additional factors influencing market sentiment include anticipation of the upcoming Fusaka upgrade, ongoing growth in Layer 2 adoption, and increased on-chain activity in DeFi and NFTs, all contributing to robust but fluctuating trading conditions.