ETH Price Drops 3.76% Amid $1.04B Liquidations Despite Record ETF Inflows and High Trading Volumes

Ethereum (ETHUSDT) experienced a 3.76% price decline over the past 24 hours, with the current price at $4,450.56 according to Binance. The drop follows significant market volatility, including $1.04 billion in crypto liquidations—$110.94 million attributed to Ethereum in a single hour—likely contributing to selling pressure. Despite robust inflows into U.S. spot Ethereum ETFs ($729 million in a day, $2.3 billion for the week) and Tether minting $1 billion USDT on Ethereum, short-term holders have taken profits amid overbought conditions, as indicated by technical analyses. Trading volumes remain high, with Binance reporting $54.87 billion in the last 24 hours, and Ethereum’s market capitalization stands at approximately $541.12 billion, maintaining its position as the second-largest cryptocurrency by market cap.