ETH Token Dips 2% Despite $528M ETF Inflows as Price Faces Resistance Near $2,650

Ethereum (ETHUSDT) is currently trading at $2,517.98 on Binance, reflecting a 2.06% decline over the past 24 hours from an open of $2,570.89. The recent price decrease is primarily attributed to a combination of factors: despite significant institutional inflows into Ether ETFs totaling $528 million (with BlackRock's ETHA ETF contributing $381 million), ETH faced resistance near $2,650 and failed to sustain a breakout, leading to a pullback into the $2,500–$2,530 liquidity zone. Technical indicators show mixed momentum as ETH tests key moving averages, with cautious sentiment prevailing amid lower trading volumes and competition from emerging altcoins. Over the last 24 hours, trading volume reached approximately $28.3 billion, and market capitalization is around $315 billion, with traders closely monitoring resistance near $2,710 for signs of a potential reversal.