ETH Price Drops 3% Amid $479M ETF Inflows, 50% Staked, and Surging Trading Volume

Ethereum (ETHUSDT) is currently trading at $3,211.78 on Binance, down 3.06% over the past 24 hours, following an opening price of $3,313.07. The price decrease coincides with a period of heightened institutional activity, as inflows into Ethereum ETFs—particularly from BlackRock—reached $479 million last week, and over 50% of circulating Ethereum is now staked, reducing exchange supply. Despite positive developments such as Bitwise’s new Ethereum ETP listing, increased Layer 2 adoption, and 8 million active addresses, ETH faced selling pressure after recent bullish attempts failed to sustain moves above key resistance levels, resulting in a test of lower support ranges. Trading volume surged, with Binance recording over $901.98 million USDT in 24-hour volume, and Ethereum maintains its position as the second-largest cryptocurrency with a market capitalization near $403 billion amid ongoing volatility and ecosystem updates.