ETH Slides 3.55% to $2,502 Amid Lower Volume, Institutional Leverage and $1B USDT Issuance Boost Liquidity

Ethereum (ETHUSDT) is currently trading at $2,502.43 on Binance, reflecting a 3.55% decline over the past 24 hours from a 24h open of $2,594.62. The recent price decrease can be attributed to a combination of factors, including broader market volatility, resistance at key technical levels ($2,440–$2,460), and a notable reduction in overall trading volume, which fell by over 24% compared to the previous day. While there have been no major news events directly impacting ETH in the last 24 hours, the introduction of institutional loans with up to 4X leverage and Tether’s issuance of 1 billion USDT on Ethereum may be supporting liquidity and market activity. Ethereum maintains a market capitalization near $300 billion and a circulating supply of 120 million ETH, with strong trading activity and mixed short-term sentiment as traders monitor key support and resistance levels.