ETH Dips 3% After Rally: Institutional Inflows and ETF Surge Signal Ongoing Strength
Ethereum (ETHUSDT) experienced a 3.06% price decline over the past 24 hours, with the current price at $3,695.95 on Binance, opening at $3,812.62. The recent pullback follows a strong rally driven by significant institutional inflows, record investments into spot Ethereum ETFs, and robust whale accumulation, which pushed ETH above $3,800 and close to the $4,000 resistance. Despite the short-term dip, the broader trend remains positive, supported by over $2.12 billion in weekly institutional inflows and increased staking activity, as seen in Binance’s Booster campaign. Trading volume remains high, reflecting continued strong market participation, and Ethereum’s market capitalization is holding near $440 billion, indicating sustained investor interest amid ongoing volatility.