ETH Holds Strong Above $2,400 as Institutional Inflows and ETF Activity Offset 2% Price Dip

Ethereum (ETH) experienced a 2.05% price decline over the past 24 hours, with the current price at $2,442.07 (Binance data), down from a 24h open of $2,493.13. This drop is primarily attributed to a broader market downturn affecting major cryptocurrencies, as reported on June 27, 2025, alongside moderate bearish sentiment from recent technical analyses predicting short-term declines. Despite the price decrease, institutional activity remains strong, highlighted by $42.5 million in net inflows and significant turnover in Hong Kong’s Ethereum ETFs. Bit Digital’s strategic shift from Bitcoin mining to Ethereum staking further underscores ongoing confidence in ETH’s long-term fundamentals. Ethereum maintains robust trading liquidity, with 24-hour volume exceeding $15.3 billion and a market cap of approximately $296.17 billion, while holding above the key $2,400 support level.