ETH Price Dips 2.33% Amid Record ETF Inflows, Whale Activity, and Network Upgrades

Ethereum (ETHUSDT) experienced notable volatility in the past 24 hours, with the price declining by 2.33% to $3,681.91 on Binance. The price change is primarily attributed to a combination of large leveraged positions by major investors, record inflows into U.S. Ethereum spot ETFs, and heightened institutional activity, including significant whale transactions and increased trading volume. Positive sentiment was further supported by Ethereum’s improved network scalability, a deflationary supply trend following the EIP-1559 upgrade, and the upcoming tenth anniversary events. Despite these bullish developments and strong inflows, short-term profit-taking and market fluctuations contributed to the recent price pullback.

Currently, Ethereum trades at $3,681.91 with a 24-hour trading volume exceeding $51.3 billion and a market capitalization around $453.78 billion, reflecting high market activity and ongoing investor interest.