ETH Slides 5.45% as Technical Weakness Persists Despite $357M Institutional Inflows and High Trading Volume

Ethereum (ETHUSDT) declined 5.45% over the past 24 hours, dropping from 2605.21 to 2463.32 on Binance. The price decrease is primarily attributed to recent technical weakness, with ETH facing strong rejection at the $2,745 resistance level and failing to sustain upward momentum after a 3% weekly dip. Despite notable institutional accumulation—including a $300 million ETH purchase by Consensys and $57 million net inflows into ETH ETFs—market sentiment remains mixed, as evidenced by high-stakes options bets on a short-term rally and ongoing volatility following the recent Pectra network upgrade. Trading activity remains elevated, with 24-hour volume between $28–29 billion and a volume-to-market cap ratio near 9.5%, reflecting significant liquidity and active participation amid heightened uncertainty around key support at $2,424.