ETH Holds Strong Above $2,700 as Institutional Inflows and Pectra Upgrade Offset Market Pullback

Ethereum (ETHUSDT) experienced a 2.36% price decline over the past 24 hours, opening at $2,804.20 and currently trading at $2,738.01 on Binance. The recent pullback follows a period of heightened volatility, where ETH briefly surged above $2,800 to reach a three-month high, driven by strong institutional inflows, bullish technical patterns, and significant whale activity. The price correction is mainly attributed to profit-taking after the rally, a decrease in trading volume by 18%, and broader market weakness, as the total crypto market cap dropped 4% in the same period. Despite the short-term consolidation, Ethereum maintains a bullish structure, supported by continued ETF inflows, $393 million in exchange outflows, and positive sentiment following the recent Pectra network upgrade and robust institutional investment. ETH’s market capitalization remains between $333 billion and $344 billion, with 24-hour trading volume at approximately $28.5–$29.4 billion, as the asset holds above key support levels.