ETH Drops 4.48% Post-Pectra Upgrade as Spot ETF Inflows Hit $815M and Futures Surge

Ethereum (ETHUSDT) experienced a 4.48% price decline over the past 24 hours, falling from a 24h open of $2,807.99 to a current price of $2,682.10. This drop follows a period of heightened volatility after the full deployment of the Ethereum Pectra upgrade on June 11, 2025, which improved network scalability, smart contract wallet functionality, and validator staking limits. Despite the recent correction, the market has seen bullish signals, including record futures open interest of $20 billion, significant whale accumulation and withdrawals from exchanges, and increased inflows into spot Ethereum ETFs, with $815 million added in the last 20 days and total assets under management reaching $9 billion. The price decline is attributed to profit-taking after a recent rally to a three-month high of $2,827, as well as a cooling in trading volumes (24h volume now $24.9B–$28.5B, down 18% from prior periods). Overall, ETH remains supported by strong institutional and retail interest, with the immediate focus on whether it can reclaim and sustain levels above the $2,800 resistance zone.