ETH Drops 3.87% Amid $42M Liquidations and Record ETF Inflows, Volatility Surges

Ethereum (ETHUSDT) experienced a 3.87% decline over the past 24 hours, with the current price at $2,547.98 on Binance, down from a 24h open of $2,650.54. The price drop follows a period of heightened volatility, including significant liquidations totaling $42 million in ETH long positions within one hour and $335 million across the broader crypto market. Despite strong institutional inflows—such as $240.3 million into US spot Ethereum ETFs on June 11 and a record $3.763 billion in cumulative ETF inflows—recent profit-taking, increased derivatives activity, and a sharp increase in trading volume have contributed to short-term downward pressure. Ethereum’s market capitalization stands at approximately $300.34 billion, with daily trading volume rising to $34.28 billion, reflecting ongoing high volatility and active trading. Key technical levels include resistance near $2,900 and support around $2,679, while staked ETH has reached a record 34.9 million, representing about 30% of the circulating supply.