ETH Price Dips 3.11% Amid Profit-Taking, But Spot ETF Inflows and $54B Volume Signal Strength

Ethereum (ETHUSDT) experienced a 3.11% price decrease over the last 24 hours, with the current price at $4,362.79 on Binance, attributed primarily to short-term volatility following a recent peak and ongoing profit-taking by traders. Despite this correction, strong institutional inflows into Ethereum spot ETFs and increased liquidity from Tether’s $1 billion USDT minting have supported high trading activity, with 24-hour volumes reaching up to $54.16 billion and market capitalization around $525 billion. Ethereum maintains robust support above $4,000, and futures open interest remains elevated, indicating continued market engagement and anticipation of future price movements.