ETH Sees 2.26% Dip After Rally, Institutional Holdings Top $6.25B Amid ETF Inflows

Ethereum (ETHUSDT) is currently trading at 3,710.00 USDT on Binance, reflecting a 2.26% decline over the past 24 hours from a 24h open of 3,795.72 USDT. The recent price decrease can be attributed to profit-taking after a strong rally that saw ETH approach key resistance levels near 3,825 USDT, as well as mixed market sentiment following a week of significant gains and heightened volatility. Despite the short-term pullback, institutional interest remains robust, with Ethereum reserves at institutions exceeding $6.25 billion and spot Ether ETFs recently attracting substantial inflows, even surpassing Bitcoin ETF inflows on July 17. Additionally, Binance's introduction of Shariah Earn and ongoing promotional activities are supporting user engagement. Ethereum maintains a strong market position with a market capitalization between $446 billion and $460 billion, 24-hour trading volume ranging from $42.38 billion to $54.25 billion, and a circulating supply of approximately 120.71 million ETH, with recent price action fluctuating between $3,637 and $3,860.