ETH Holds $2,400 Amid 2.5% Dip as Institutional Inflows and Options Expiry Shape Market

Ethereum (ETH) is currently trading at $2,423.48 on Binance, reflecting a 2.52% decrease over the past 24 hours from an opening price of $2,486.01. The recent price decline is primarily attributed to a combination of mild bearish technical sentiment, as indicated by a Relative Strength Index (RSI) near 44.5 and narrowing Bollinger Bands, alongside subdued market momentum ahead of the June options expiry. Despite strong institutional inflows into ETH funds ($11.1 million over the past week) and significant exchange outflows suggesting accumulation, these positive signals have not yet translated into upward price movement, likely due to broader market caution following recent geopolitical tensions and the absence of immediate catalysts from ongoing network developments such as the upcoming Fulu-Osaka upgrade. Over the last 24 hours, ETH has maintained high liquidity with a trading volume near $20.09 billion and a market capitalization of approximately $305–$308.61 billion, remaining in a consolidating phase within a $2,357–$2,443 range.