ETH Price Slides 4.8% Amid $42 Million ETF Outflows and Fusaka Network Upgrade Volatility

Ethereum (ETHUSDT) experienced a notable 24-hour price decline of 4.80%, falling from 3245.50 to 3089.60 on Binance. This movement is primarily attributed to recent net outflows from U.S. spot Ethereum ETFs totaling $42.38 million, decreased trading volume (down 13.90%), and market volatility following the implementation of the Fusaka network upgrade, which increased block capacity and throughput. While large long positions in ETH futures and perpetual contracts indicate ongoing interest, conflicting market signals and bearish momentum, evidenced by ETH trading below key moving averages and struggling to recover from a sharp decline, have contributed to downward pressure. As of now, Ethereum’s market capitalization remains around $370–390 billion with a total 24-hour trading volume of approximately $23.87 billion, reflecting cautious sentiment among traders.