ETH Token Sees 2.48% Dip After July Surge as Traders Monitor $2,535 Support Levels

Ethereum (ETHUSDT) experienced a 2.48% price decline over the past 24 hours, with the current price at $2,535.09 on Binance. This decrease follows a period of heightened trading activity and a notable price surge on July 3, 2025, when increased accumulation by long-term holders, record high accumulation addresses, and over 1 million ETH added to staking contributed to bullish sentiment and a short-term rally. However, after the surge and a significant increase in trading volume, the market has entered a consolidation phase, with traders showing caution and closely monitoring key resistance and support levels. The current market remains active, with a 24-hour trading volume between $18.3 billion and $19.65 billion, and Ethereum maintains a strong market capitalization of approximately $307.8 billion to $311.14 billion.