ETH Token Faces 2.41% Drop Amid High Volume, ETF Inflows, and Key $2,600 Resistance

Ethereum (ETHUSDT) has experienced a 2.41% price decline over the past 24 hours, with the current price at $2,520.00 according to Binance data. This downturn follows a period of heightened volatility, where technical indicators such as the RSI entered the oversold zone, suggesting increased selling pressure. Recent news highlights renewed accumulation interest among traders, a breakout from previous consolidation, and ongoing ETF inflows, but strong resistance near the $2,600–$2,642 range and cautious market sentiment have limited upward momentum. The price movement is also influenced by a declining ETH supply on exchanges and mixed analyst outlooks regarding key support and resistance levels.

Ethereum’s 24-hour trading volume remains high, reflecting active market participation, while its market capitalization stands at approximately $304 billion. The asset continues to trade within a wide range, with recent lows near $2,474 and highs around $2,603, as investors monitor critical support at $2,500 and resistance above $2,600.