ETH Price Drops 3.75% Amid $624M ETF Inflows, Whale Shift, and High Exchange Activity

Ethereum (ETHUSDT) experienced a 3.75% price decline over the past 24 hours, with the current price at 4592.11 USDT according to Binance. The recent price correction follows significant ETF inflows earlier in the week, totaling $624 million, but was offset by $241 million in ETF outflows and a shift in whale activity from Bitcoin to Ethereum. Additional factors influencing the price include a high exchange inflow rate of 48%, reminiscent of previous bull market conditions, and a large pending withdrawal queue on the Ethereum Proof-of-Stake network, which may be contributing to short-term selling pressure. Despite the pullback, Ethereum maintains strong trading volume, with recent figures exceeding $36.6 billion, and a robust market capitalization near $566.9 billion, reflecting continued institutional interest and active market participation.