ETH Token Drops 3.31% Amid Surging Staking and $15.6B Trading Volume in Volatile Session

ETHUSDT experienced a 3.31% decline over the past 24 hours, with the price dropping from 2493.12 to 2410.54. This price movement is attributed to recent volatility and a bearish rejection after failing to hold above the 2440 level, as noted by market analysts. The consolidation phase and sharp intraday fluctuations have contributed to increased trading activity, with volume reported between $13.8 billion and $15.6 billion. Additional factors influencing sentiment include the continued rise in Ethereum staking (now over 28.3% of supply), the dominance of major platforms in validator management, and new staking offerings in the EU and EEA. Currently, Ethereum maintains its position as the second-largest cryptocurrency, with a circulating supply of approximately 120.72 million ETH and a market capitalization near $290 billion.