ETH Drops 3.71% as $160M Liquidated in One Hour Amid ETF Outflows and Market Volatility

Ethereum (ETH) experienced a 3.71% price decline over the past 24 hours, with the current price at $2,214.18 (down from a 24h open of $2,299.58 on Binance). This drop is primarily attributed to significant market volatility and liquidations, as over $160 million in leveraged positions were liquidated within one hour on June 21, 2025, with a majority occurring on major exchanges. Additional downward pressure came from outflows in U.S. spot Ethereum ETFs and a broader crypto market sell-off, which pushed ETH below key support levels and triggered further technical weakness. Despite the short-term bearish momentum, ETH maintains strong liquidity with a 24-hour trading volume between $29.67 billion and $32.1 billion, a market cap near $274 billion, and continued institutional accumulation and ETF inflows, indicating sustained market interest amid heightened volatility.