ETH Price Drops 3.88% as Strong U.S. PPI Data Spurs Volatility and Institutional Activity

Ethereum (ETHUSDT) experienced a 3.88% price decrease over the past 24 hours, primarily attributed to market reactions following the release of stronger-than-expected U.S. Producer Price Index (PPI) data, which impacted overall sentiment and led to a short-term dip. Additional factors include profit-taking by large holders and technical indicators signaling potential overbought conditions after a recent rally fueled by significant ETF inflows and sustained institutional interest.

Currently, ETHUSDT is trading at $4,451.74 on Binance, with a 24-hour trading volume of approximately $3.9 billion and a market capitalization estimated between $533.57 billion and $559.49 billion. Despite the recent downturn, Ethereum maintains high trading activity and strong market fundamentals, with notable price volatility and continued engagement from institutional investors.