ETH Slides 4.5% as $565M Options Expire, Institutional Accumulation and Exchange Outflows Signal Resilience

Ethereum (ETHUSDT) is currently trading at $2,438.73 on Binance, reflecting a 4.51% decline over the past 24 hours from an opening price of $2,553.92. The recent price drop is primarily attributed to the expiration of $565 million in Ethereum options on June 20, 2025, with a maximum pain point at $2,600, which likely exerted downward pressure as traders adjusted positions around this key level. Additionally, despite notable institutional accumulation, including BlackRock's reported $750 million purchase in June and ongoing net outflows of ETH from exchanges indicating long-term holding, the market has experienced increased trading volume—up to $22.8 billion—amid a period of low volatility and consolidation. The price remains range-bound between significant support near $2,500 and resistance at $2,600, with recent developments such as the Brazilian Ministry of Justice’s blockchain initiative and continued institutional interest providing a supportive backdrop for future price action.