ETH Sees 2.54% Dip Amid Whale Accumulation, Surging Volume, and ETF Filing Buzz

Ethereum (ETH) experienced a 2.54% price decline over the last 24 hours, with the current price at $2,549.44 (Binance data), opening at $2,616.00. This short-term drop is attributed to retail profit-taking after recent gains, ongoing technical resistance near $2,710, and mixed momentum despite significant accumulation by institutional investors and whales, who collectively added 1.49 million ETH over the past month. Increased trading volume—up over 63%—reflects heightened market activity, while news of substantial inflows into Ethereum investment products and the filing for a combined Bitcoin and Ethereum ETF has supported underlying investor interest. Overall, ETH remains the second-largest cryptocurrency by market cap, with robust trading activity and continued accumulation by large holders, but faces near-term technical resistance and volatility as it consolidates above key support levels.