ETH Token Faces 2.49% Drop Amid Whale Moves, Yet Institutional Inflows Top $260 Million

Ethereum (ETHUSDT) experienced a 2.49% price decline over the last 24 hours, with the current Binance price at $2,423.14. The downturn is primarily attributed to significant whale activity, specifically the movement of 62,289 ETH to exchanges following the unstaking of 95,920 ETH, which has raised concerns about potential selling pressure. Despite this, institutional interest remains strong, as evidenced by seven consecutive weeks of net inflows into Ethereum ETFs, totaling over $260 million, and continued accumulation by major funds such as BlackRock and Fidelity. Ethereum maintains its leading position in tokenized real-world assets with a $7.54 billion total value and a 58.8% market share. Trading volume on Binance is robust at $17.31 billion, with Ethereum’s market capitalization at approximately $293 billion and a circulating supply of 120.72 million ETH. The asset remains in a consolidation phase, with key resistance observed near $2,432, and the current price action reflects a balance between institutional accumulation and short-term uncertainties from large-scale token transfers.