ETH Token Dips 2.09% as $3,080 Resistance Holds—Institutional Inflows Signal Ongoing Market Strength

Ethereum (ETHUSDT) has experienced a 2.09% price decrease over the past 24 hours, with the current price at $2,974.88, down from a 24-hour open of $3,038.33 according to Binance data. This decline is attributed to a mix of technical and market factors, including repeated rejections at the $3,080 resistance level and volatility around key support at $3,000. While Ethereum investment products and ETFs have seen strong net inflows, indicating sustained institutional interest, short-term sentiment remains cautious due to increased short leverage and a slight decrease in long liquidation leverage. Trading volumes remain robust, and Ethereum continues to hold a strong market capitalization near $360 billion, with recent price action fluctuating between $2,932.46 and $3,083.00.