ETH Drops 3.95% Amid $115.8M Liquidations, Yet ETF Inflows and Whale Accumulation Signal Resilience

Ethereum (ETHUSDT) experienced a 3.95% price decline over the past 24 hours, with the current price at $3,534.77 on Binance. The price drop is primarily attributed to significant liquidations of long positions totaling $115.8 million, increased selling pressure near the $4,000 resistance level, and broader market volatility following recent interest rate announcements. Despite these pressures, notable inflows into U.S. spot Ether ETFs ($5.43 billion in July), accumulation by large holders, and a nine-year low in exchange reserves indicate ongoing institutional and whale interest, which has helped support the price during periods of heightened volatility.

In the last 24 hours, Ethereum traded between $3,431.75 and $3,724.02, with a 24-hour trading volume of approximately $2.60 billion on Binance and a global market capitalization of $426.13 billion. The market remains volatile, with technical indicators showing short-term bearish momentum but underlying bullish signals from continued accumulation and reduced exchange supply.