$ETH ETH Drops 8.65% After Hitting 15-Week High—Institutional Inflows and Whale Activity Shape Outlook

Ethereum (ETH) experienced a sharp 8.65% price decline over the past 24 hours, dropping from a 24h open of $2,768.50 to a current price of $2,529.11 on Binance. This pullback follows a period of heightened volatility and bullish momentum driven by significant institutional activity, including BlackRock’s $163.6 million Ethereum purchase and $2.4 billion in ETH ETF net inflows since mid-May, as well as record-high ether futures open interest and increased whale trading.