ETH Price Drops 5.33% Amid $240M ETF Inflows and Surging Institutional Interest

Ethereum (ETH) experienced a notable price decline over the past 24 hours, with the current Binance price at $2,636.21, down 5.33% from the 24h open of $2,784.54. This pullback follows a period of strong institutional inflows into Ethereum ETFs, which reached $240 million in net daily inflows on June 11 and contributed to a recent rally, but profit-taking by large holders and increased short seller activity have likely contributed to the recent price correction. Despite the dip, Ethereum maintains robust trading volumes—ranging from $25 billion to $28.5 billion in the last 24 hours—and a market cap above $330 billion, with ongoing accumulation signals such as significant outflows from exchanges and continued interest from institutional investors.