ETH Drops 6.68% Amid Volatility: Retail Selling Meets Whale Accumulation as Key Levels Hold

Ethereum (ETH) experienced a significant 24-hour price decline of -6.68%, falling from an open of $2,642.74 to $2,466.29 on Binance. This drop follows a period of heightened volatility and attempted rallies, with the rejection above $2,650 and increased profit-taking by retail investors contributing to downward pressure. Despite strong institutional inflows and positive regulatory developments—such as a dual spot Bitcoin and Ethereum ETF application and Vietnam’s recognition of crypto assets—short-term sentiment turned cautious as technical resistance levels held and whales increased accumulation amid retail selling. Currently, ETH is consolidating near $2,466 on high trading volumes, with the market displaying active liquidity but mixed momentum as participants await a decisive move beyond key support and resistance zones.