ETH Drops 4.18% After $2.18B ETF Inflows—Profit-Taking and Volatility Shape Market Outlook

Ethereum (ETHUSDT) experienced a notable price decline of 4.18% over the past 24 hours, with the current price at $3,675.40 on Binance, opening at $3,835.75. The recent price drop follows a period of strong upward momentum driven by significant institutional inflows, including $2.18 billion into spot Ethereum ETFs last week, and increased activity from large holders. While institutional reserves have surpassed $6.25 billion and over 90% of Ethereum addresses are in profit, recent volatility may be attributed to profit-taking after a sustained rally, as well as mixed market sentiment regarding the sustainability of recent gains. Trading volume remains high, reflecting continued active interest, and Ethereum maintains its position as the second-largest cryptocurrency with a market capitalization near $443 billion and a circulating supply of approximately 120.71 million ETH.