ETH Sees 2.15% Pullback After Surging to $4,788 Amid Record Transactions and ETF Activity

Ethereum (ETHUSDT) experienced a 2.15% price decline over the past 24 hours, primarily driven by technical corrections following a recent surge to $4,788 and overbought market conditions indicated by an RSI of 70.93. The pullback is attributed to profit-taking after strong institutional inflows, record daily transactions, and heightened ETF activity, with analysts noting short-term consolidation amid continued bullish sentiment. Currently trading at $4,628.52 on Binance, Ethereum maintains robust market activity with a 24-hour volume of $5.775 billion and a weekly price increase of over 17%, reflecting sustained investor interest and high on-chain engagement.