ETH Dips 2.28% Amid $300M Liquidations, Yet Institutional Inflows and ETF Records Signal Strength

Ethereum (ETHUSDT) experienced a 2.28% price decline over the past 24 hours, with the current price at $3,656.25 on Binance. This drop is primarily attributed to over $300 million in leveraged position liquidations across major exchanges, which triggered short-term profit-taking and increased selling pressure. Despite the price pullback, institutional interest remains strong, as evidenced by record ETF inflows, significant corporate acquisitions, and a 16% increase in holdings by first-time buyers since early July. Recent US regulatory developments supporting crypto have also contributed to sustained institutional participation. Trading volume on Binance reached $2.86 billion, with the 24-hour price range spanning from $3,527.00 to $3,764.20, and Ethereum maintains a market capitalization of approximately $440.76 billion, ranking second among all cryptocurrencies.