ETH Price Drops 4.2% Amid $169M Liquidations, Stablecoin Surge Signals Future Liquidity

Ethereum (ETHUSDT) experienced a 4.20% price decline over the past 24 hours, with the current price at $4,441.41 on Binance. The drop below the $4,500 level is primarily attributed to increased market volatility, substantial futures liquidations totaling approximately $169 million (mostly long positions), and news of SharpLink Gaming's quarterly losses despite its large ETH holdings. Additionally, the recent surge in stablecoin supply, including Tether's $1 billion USDT minting on Ethereum, has injected significant liquidity into the market, which may support future buying activity. Despite the short-term downturn, Ethereum maintains strong fundamentals, with a robust market capitalization of $535 billion, high trading volumes, and continued institutional interest reflected in notable ETF inflows and whale accumulation.