$BTC ETH Drops 6.3% Amid Market Correction Despite Record $20B Futures and $240M ETF Inflows
Ethereum (ETH) experienced a notable 6.3% decline over the past 24 hours, with the price dropping from a 24h open of $2,721.83 to $2,550.22 on Binance. This sharp price decrease is primarily attributed to increased bearish pressure following a failure to maintain support above the $2,740–$2,760 range, triggering a cascade below key short-term levels. The decline also coincided with a broader market correction after ETH reached a three-month high earlier in the week, despite record-high Ether futures open interest of $20 billion and significant ETF inflows of $240 million on June 12, 2025. High trading volumes, ongoing volatility, and substantial institutional activity have characterized the market, with ETH currently consolidating near critical support as traders assess the next