ETH Slides 5.46% as U.S. ETF Outflows and Surging Derivatives Signal Market Volatility

Ethereum (ETH) experienced a 5.46% price decline over the past 24 hours, dropping from a 24h open of $2,637.21 to a current Binance price of $2,493.28. This downward movement is primarily attributed to profit-taking after a recent rally, as well as the first outflow from U.S. spot ETH ETFs in 19 sessions on June 13 ($2.1 million), which signaled some short-term investor caution despite net weekly inflows of $530 million. Additional volatility was driven by broader market uncertainty linked to geopolitical tensions and macroeconomic factors, alongside a sharp increase in trading volumes (+63.25%) and heightened futures open interest, indicating active derivatives trading. Despite the recent dip, institutional accumulation remains strong, with large wallets and entities such as SharpLink Gaming and BlackRock increasing their ETH holdings, and over 95% of SharpLink’s position allocated to staking. As of June 17, 2025, ETH trades between $2,493 and $2,628, with a 24-hour volume exceeding $22.8 billion and market capitalization ranging from $306.7 billion to $314.98 billion, reflecting continued high activity and investor interest.