ETH Drops 9% in 24 Hours Amid DeFi Outflows and Geopolitical Uncertainty, Staking Remains Strong

Ethereum (ETH) experienced a significant 24-hour price decline of 9.16%, falling from an open of $2,410.09 to $2,189.40 on Binance. This drop is primarily attributed to heightened selling pressure, DeFi outflows, and broader geopolitical uncertainty, as reported in recent news. Despite ongoing institutional inflows into spot Ethereum funds and technical indicators suggesting potential for medium-term recovery, immediate market sentiment has been impacted by macroeconomic pressures and risk-off behavior in the crypto sector. Over 35 million ETH (more than 28% of total supply) remains staked, indicating strong network participation. ETH maintains high trading volume ($26.52B–$30.64B), a circulating supply of 120.72 million, and a market cap between $264.91B and $274.39B, underscoring its continued liquidity and significance in the digital asset market.