ETH Drops 2% After ETF Inflows Surge, Faces Resistance Near $2,800 Amid High Trading Volumes

Ethereum (ETH) is currently trading at $2,493.76 on Binance, reflecting a 2.09% decline over the past 24 hours, with a 24-hour opening price of $2,547.00 and robust trading volumes between $11.44 billion and $12.24 billion, supporting its position as the second-largest cryptocurrency by market capitalization. The recent price decrease follows a period of heightened volatility, with ETH experiencing significant inflows into spot ETFs—most notably $58.63 million on May 23, led by BlackRock’s ETHA—and ongoing institutional interest, but also encountering resistance after a strong recovery from early-2025 lows; technical factors and profit-taking after recent rallies, as well as fluctuating sentiment around resistance levels near $2,800, have contributed to the latest short-term price pullback.