ETH Price Drops 3.2% After Record ETF Inflows and Heavy Profit-Taking Near All-Time High

Ethereum (ETHUSDT) experienced a 3.20% price decline over the past 24 hours, with the current price at 4,628.44 USDT on Binance, opening at 4,781.36 USDT. The price movement is primarily attributed to profit-taking near the all-time high resistance zone, following a period of strong bullish momentum driven by record institutional inflows into spot ETH ETFs, notable acquisitions by firms such as BlackRock and SharpLink Gaming, and surging on-chain activity. Despite significant trading volume exceeding 10 million ETH on Binance futures and a market capitalization around $560 billion, the recent rally faced resistance in the $4,780–$4,800 range, leading to a short-term pullback as traders responded to overbought conditions and potential short squeeze dynamics. Ethereum remains highly active, with substantial daily transaction counts and continued institutional interest supporting its position as the second-largest cryptocurrency.