ETH Price Dips 2.35% Amid Record Futures Activity and Major Institutional Transfers

Ethereum (ETHUSDT) experienced a 2.35% price decline over the past 24 hours, currently trading at 4,466.33 USDT on Binance. This downturn is primarily attributed to heightened market volatility and profit-taking following recent record highs in futures and options activity, as well as large-scale transfers by institutional investors such as FalconX. Despite the short-term dip, Ethereum maintains strong institutional interest, with significant trading volumes and ongoing accumulation by major holders. The 24-hour trading volume stands at approximately $32.21 billion, and the market cap is around $541.5 billion, reflecting continued leadership in the cryptocurrency market.