ETH Token Drops 4.7% Amid Market Volatility Despite Strong ETF Inflows and High Trading Volume

Ethereum (ETHUSDT) is currently trading at $2,481.36 on Binance, reflecting a 4.7% decline over the past 24 hours, with a 24-hour opening price of $2,603.70. The recent price decrease is primarily attributed to broader cryptocurrency market volatility, as total crypto market capitalization dropped by over 4% in the same period. Despite strong institutional inflows into Ethereum spot ETFs and significant purchases by firms such as BlackRock and Consensys, short-term market sentiment has been negatively impacted by overall risk-off behavior in digital assets, leading to increased selling pressure on ETH. Trading volume for Ethereum remains high, indicating active market participation amid the price correction. Ethereum continues to exhibit strong on-chain fundamentals and development activity, but near-term price action is being driven by macro market trends and liquidity shifts.