ETH Token Sees 3.24% Dip After $908M ETF Inflows and New Staking Options Announced

Ethereum (ETHUSDT) experienced a 3.24% price decline over the past 24 hours, with the current price on Binance at $2,938.81, down from a 24-hour open of $3,037.19. This pullback follows a period of notable institutional inflows into Ethereum spot ETFs, which saw $908 million in weekly investments and record single-day inflows into BlackRock’s ETHA ETF. Despite these positive developments, including the Ethereum Foundation’s announcement of zero-knowledge proof integration and new staking options for U.S. Robinhood customers, the market encountered resistance near the $3,020–$3,057 range, triggering profit-taking and a short-term correction. Trading activity remains robust, with a 24-hour volume of $2.61 billion USDT on Binance and Ethereum’s overall market capitalization around $358.1 billion. While the weekly trend has been strongly positive, technical indicators suggest the market is currently overbought, contributing to the observed price retracement.