ETH Drops 3.49% Amid $861M ETF Inflows and High Volatility Before Options Expiry

Ethereum (ETHUSDT) experienced a 3.49% price decline over the past 24 hours, dropping from a 24h open of $2,510.99 to a current Binance price of $2,423.48. This pullback follows a period of heightened institutional inflows, notably $861.3 million into spot Ethereum ETFs in the past two weeks, and increased on-chain accumulation by large holders. Despite positive sentiment from the recent spot ETF approval and ongoing network upgrades, short-term price pressure appears linked to profit-taking after recent gains and consolidation near resistance levels, as well as increased volatility ahead of options expiry. Current market conditions show high trading volumes and liquidity, with Ethereum’s price consolidating within a tight range as participants await a decisive breakout. Circulating supply stands at approximately 120.72 million ETH, and market capitalization is around $304.18 billion.