ETH Price Drops 4.34% After Nearing All-Time High Amid ETF Inflows and Whale Accumulation

Ethereum (ETHUSDT) experienced a 4.34% price decline over the past 24 hours, with the current Binance price at $4,529.72. This drop follows a period of heightened volatility and profit-taking after ETH approached its all-time high, driven by strong institutional interest, significant whale accumulation, and record inflows into spot Ethereum ETFs. The recent surge in open interest for ETH futures and a peak in DeFi total value locked contributed to bullish momentum, but technical indicators suggest the asset entered overbought territory, prompting a short-term pullback. Trading volume remains robust, with $5.95 billion on Binance and overall market activity reflecting continued investor engagement. Ethereum’s market capitalization is approximately $545.85 billion, and the circulating supply is around 120 million ETH. The market is closely monitoring whether ETH can regain upward momentum and challenge its previous highs following the recent consolidation.