ETH Price Dips 2.24% Amid $131M Liquidations, Record Staking and Surging Trading Volume

Ethereum (ETHUSDT) is currently trading at $2,519.67 on Binance, reflecting a 2.24% decline over the past 24 hours from an opening price of $2,577.46. The price drop can be attributed to a combination of significant long and short liquidations ($70.37 million and $60.94 million, respectively), profit-taking by early holders (notably a whale selling 501 ETH after two years and another address selling 1,500 ETH for $612,000 profit), and broader market caution amid ongoing macroeconomic and geopolitical uncertainties. Despite the recent dip, Ethereum saw increased trading activity, with 24-hour trading volume surging over 35% and open interest in futures reaching $22 billion. Staking participation has hit a record high with over 35 million ETH staked, signaling continued long-term confidence in the network. Market participants are closely watching support levels around $2,500–$2,600 and monitoring ETF inflows and macro developments for future price direction.