ETH Token Sees 2% Dip Amid $296M ETF Inflows and Surging Institutional Activity

Ethereum (ETHUSDT) experienced a 2.06% price decline over the past 24 hours, with the current price at 3601.80 USDT on Binance. The recent price drop is primarily attributed to profit-taking and technical corrections following a strong rally driven by significant institutional inflows, including large acquisitions by SharpLink Gaming and GameSquare, as well as a net inflow of $296 million into ETH ETF products. Despite the short-term pullback, Ethereum continues to see robust trading activity, with 24-hour volumes ranging from $35.83 billion to $44.43 billion and a market capitalization between $434.62 billion and $446.19 billion. The asset remains volatile, trading between 3,616.57 and 3,798.09 USDT in the last day, as increased institutional participation and heightened network activity contribute to ongoing market fluctuations.