ETH Price Drops 3.55% Amid $140M Liquidations Despite Strong ETF Inflows and High Trading Volume

Ethereum (ETH/USDT) experienced a 3.55% price decrease over the past 24 hours, with the current Binance price at 4548.77 USDT. This decline is primarily attributed to macroeconomic factors, notably the higher-than-expected U.S. Producer Price Index (PPI) data, which has dampened expectations for Federal Reserve rate cuts and contributed to a broader downturn in cryptocurrency prices. Despite significant inflows into US spot Ether ETFs and rising institutional interest, increased leveraged positions and substantial liquidations—$140 million in the last 24 hours—have added to market volatility. Trading volume remains high, reflecting strong investor activity, and Ethereum continues to hold its position as the second-largest cryptocurrency by market capitalization.