ETH Drops 3.24% Amid $11.3M ETF Outflows, But Network Growth Signals Resilience

Ethereum (ETHUSDT) experienced a 3.24% decline over the past 24 hours, with the current Binance price at $2,426.60, opening at $2,507.78. The price drop is primarily attributed to recent net outflows from Ethereum spot ETFs totaling $11.3 million, indicating investor caution, as well as heightened volatility following Federal Reserve rate decisions and geopolitical tensions in the Middle East. Despite these pressures, technical indicators such as a confirmed golden cross and strong on-chain activity—including nearly 1 million new addresses weekly and continued accumulation by large holders—suggest underlying network strength. The market remains active, with a 24-hour trading volume of approximately $22.77 billion and Ethereum holding key support near $2,500, while resistance is observed at $2,580–$2,600. Overall, Ethereum’s price action is currently shaped by a combination of macroeconomic factors, regulatory developments, and robust network fundamentals.