ETH Sees Price Dip to $2,633 Despite $97 Million Institutional Inflows and Whale Accumulation

Ethereum is currently trading at $2,633.41 on Binance, down 2.73% over the past 24 hours from an open of $2,707.43, with 24-hour trading volume surging and market capitalization near $328.2 billion. Despite strong institutional inflows—such as $38.8 million into Ethereum ETFs on May 27, $25.7 million into the Fidelity Ethereum ETF on May 29, and BlackRock’s $32.5 million ETH acquisition—Ethereum’s price has consolidated below key resistance at $2,700 amid heightened trading activity and increased whale accumulation. The recent price decline is primarily attributed to profit-taking after a multi-day rally and technical resistance at the $2,700 level, despite ongoing optimism fueled by institutional interest and positive sentiment around potential breakouts above $3,000.