ETH Slides 2.53% to $3,556 Amid Profit-Taking Despite Strong ETF Inflows and US Regulatory Progress

Ethereum (ETHUSDT) experienced a 2.53% decline over the past 24 hours, with the current price at $3,556.67 on Binance. The price drop follows a period of heightened volatility, with ETH reaching a 24-hour high of $3,649.00 before retreating. This movement is attributed to profit-taking after recent gains, buyer exhaustion near resistance levels around $3,600–$3,670, and a broader market consolidation despite strong institutional inflows into spot Ethereum ETFs and positive regulatory developments in the US. Trading volume remains robust, reflecting continued market interest, while Ethereum maintains a market capitalization of approximately $426–$430 billion and a circulating supply of about 120.71 million ETH.