ETH Drops 2.42% Despite Walmart Integration and Network Upgrades, Trading Volume Remains High

In the past 24 hours, ETHUSDT experienced a price decline of 2.42%, with the current Binance price at $3,143.98 and an opening price of $3,221.92. This price movement follows recent technical upgrades to the Ethereum network, including an increased blob limit aimed at reducing layer-2 transaction costs, which has generally supported positive sentiment. However, despite bullish signals such as a surge in validator staking entry (up to 1.4 million ETH) and Walmart’s launch of ETH trading and retail payments through its OnePay app, selling pressure has outweighed buying momentum, contributing to the observed drop. Active trading volume remains strong, and Ethereum’s circulating supply is steady at approximately 120.69 million ETH, with a market capitalization around $380 billion. The overall market is showing optimism driven by institutional inflows and increased on-chain activity, but short-term volatility persists as technical resistance levels influence price action.