ETH Price Drops 4.81% Amid Volatility, Yet $2.87B ETF Inflows Signal Strong Institutional Interest

Ethereum (ETHUSDT) experienced a notable price decline of 4.81% over the past 24 hours, falling from a 24h open of 4,356.08 to a current price of 4,146.37 on Binance. This drop is primarily attributed to increased market volatility and bearish sentiment following reports of ETH breaking below key support levels, as highlighted by multiple sources. Despite the short-term downward pressure, significant institutional inflows—particularly $2.87 billion into U.S.-based Ethereum ETFs—and increased holdings by entities such as BitMine Immersion Technologies indicate ongoing investor interest. Ethereum’s market capitalization is approximately $504.45 billion, with a 24-hour trading volume of $48.37 billion and a circulating supply of 120.71 million ETH, reflecting high market activity amid recent price fluctuations.