ETH Token Faces 2% Drop Amid Profit-Taking, Strong Institutional Inflows, and Market Volatility

Ethereum (ETHUSDT) experienced a 2.04% decline over the past 24 hours, with the price dropping from 2624.08 to 2570.62 on Binance. The price decrease is mainly attributed to a combination of profit-taking following a recent rebound, ongoing resistance near the $2,710 level, and broader market volatility influenced by geopolitical tensions and macroeconomic uncertainty. Despite strong institutional inflows, including $583 million into Ethereum investment products last week and continued interest from major financial players, short-term technical resistance and weak momentum have limited further upside. Trading activity remains robust, with 24-hour volumes between $22.7 billion and $25.4 billion and a stable market capitalization around $306.7–$311.4 billion. Ethereum continues to demonstrate strong liquidity and market presence, supported by regulatory developments such as Vietnam’s new crypto asset law, but faces near-term consolidation as it approaches key technical levels.