ETH Token Slides 2.1% as Ethereum Foundation Sale and $300M ETF Inflows Shape Market Dynamics

ETHUSDT experienced a 2.10% decline over the past 24 hours, with the price dropping from 3002.67 to 2939.66 on Binance. This price movement is primarily attributed to mixed market sentiment following significant events: the Ethereum Foundation's sale of 10,000 ETH to SharpLink, which plans to use the ETH as a treasury reserve and for staking, and record inflows into Ethereum ETFs, including a notable $300 million into BlackRock's ETHA. While these developments initially boosted investor confidence and contributed to upward momentum, the price faced resistance near $3,040 and subsequently retreated as technical indicators showed weakening bullish momentum and traders reacted to potential resistance and support levels.

Currently, Ethereum trades at 2939.66 with a 24-hour trading range between approximately $2,904 and $3,010, a market capitalization around $353–$362 billion, and a circulating supply of about 120.72 million ETH. Trading volume over the last day ranged from $21.69 billion to $27.02 billion, reflecting active but slightly reduced market participation.