ETH Slides 5.96% Amid Geopolitical Tensions, Active Addresses and Institutional Inflows Remain Strong

Ethereum (ETH) is currently trading at $2,549.00 on Binance, reflecting a 5.96% decline over the past 24 hours, with a 24-hour opening price of $2,710.65 and robust trading volume near $29–31 billion. The recent price drop is attributed to broader market volatility following geopolitical developments, specifically President Trump's tariff threats against the EU and Apple, which triggered a downturn across cryptocurrency markets. Despite this pullback, Ethereum maintains strong network activity with over 555,000 daily active addresses in May, significant institutional inflows, and substantial ETH withdrawals from centralized exchanges, indicating ongoing investor engagement and shifting supply dynamics.