ETH Drops 4.98% Amid Volatility, Yet Institutional Inflows Signal Strong Market Confidence

Ethereum (ETH) experienced a notable price decline of 4.98% over the last 24 hours, falling from a 24h open of $2,650.91 to a current price of $2,518.97 on Binance. This drop is attributed to a combination of factors, including failed attempts to break above the $2,650 resistance, ongoing market-wide volatility, and broader declines across the crypto sector, influenced by geopolitical tensions and shifting investor focus toward emerging tokens. Despite the price weakness, institutional interest remains strong, highlighted by significant inflows into Ethereum ETFs and continued accumulation by major funds. Over the past day, ETH traded between $2,491 and $2,584, with trading volumes exceeding $27 billion and a market capitalization ranging from $305.5 billion to $314.98 billion, maintaining its status as the second-largest cryptocurrency by market cap amid robust market activity.