ETH Drops 3.92% as Whale Profit-Taking and 12% Exchange Inflows Trigger Bearish Signals

Ethereum is currently trading at $2,519.99 on Binance, reflecting a 3.92% decline over the past 24 hours with a 24-hour opening price of $2,622.67 and robust trading volumes exceeding $25 billion. The recent price drop is primarily attributed to increased selling pressure, as evidenced by a notable whale transaction that realized significant profit, a 12% rise in ETH exchange inflows, and bearish technical indicators such as a declining RSI and a confirmed bearish MACD crossover. Despite strong institutional inflows into Ethereum spot ETFs and heightened trading activity, short-term sentiment has shifted bearish due to these combined on-chain and technical signals.