ETH Sees 3.35% Dip After Rally as Institutional Inflows, ETF Activity, and Pectra Upgrade Shape Outlook

Ethereum (ETH) is currently trading at $2,623.25 with a 24-hour trading volume exceeding $24 billion and a market capitalization around $317 billion, reflecting a 3.35% decline from the previous day’s open of $2,714.21. The recent price drop follows a period of heightened volatility and comes after a strong monthly rally driven by institutional inflows, including significant purchases by Fidelity and increased U.S. Ethereum ETF activity, as well as the successful implementation of the Pectra upgrade which improved network functionality. Despite the short-term correction, large holders have continued accumulating ETH, and technical indicators suggest ongoing bullish sentiment, with the recent price movement attributed to profit-taking after rapid gains and anticipation surrounding the upcoming $2.4 billion options expiry.