ETH Sees $570M Whale Sell-Off Amid Volatility, Yet ETF Inflows Signal Bullish Momentum

Ethereum (ETH) is currently trading at $2,490.70 on Binance, with a 24-hour trading volume of approximately $13.12 billion and a 2.61% decline from the previous day's open of $2,557.49.

The recent price decrease is primarily attributed to significant profit-taking by large holders, including a notable sale of over $570 million in ETH within a 48-hour period, as well as broader market volatility driven by new U.S. tariffs on European Union imports. Despite these pressures, strong net inflows into Ethereum ETFs, particularly BlackRock’s $52.8 million acquisition for its iShares Ethereum Trust, and increased spot trading volume reflect sustained institutional and retail interest. Technical indicators such as a bullish MACD crossover and a positive funding rate on perpetual futures suggest underlying bullish sentiment, though the market is experiencing thinner liquidity ahead of the Memorial Day holiday, which may contribute to short-term price volatility.