ETH Token Drops 4.21% Despite $429M Inflows and SEC ETF Staking Review: Key Market Signals

ETHUSDT experienced a 4.21% price decrease over the past 24 hours, with the current price at 2409.65 and a 24h open of 2515.49, according to Binance data. The decline follows a period of heightened volatility, despite positive developments such as significant net inflows into Ethereum investment products ($429 million last week, $2.9 billion year-to-date), the SEC’s review of a proposal to add staking to the Bitwise Ethereum ETF, and Robinhood’s launch of Ethereum staking for U.S. users. While technical analysis highlighted a bullish breakout and outperformance versus Bitcoin, selling pressure near the 50-day SMA and a recent decrease in trading volume (down over 21% from the previous day) contributed to the downward price movement. Ethereum’s market capitalization remains around $291.65 billion to $294.76 billion, with active trading on major exchanges and a circulating supply near 120 million ETH.