ETH Price Drops 3.17% Amid Technical Hurdles, But BlackRock’s $197M Buy Fuels Market Activity

Ethereum (ETHUSDT) saw a 3.17% price decline over the past 24 hours, dropping from 3248.57 to 3145.69 on Binance. The decrease can be attributed to technical hurdles, including ETH’s failure to break the $3,300 resistance and a move below key support levels, which triggered bearish momentum as noted in recent analyst reports. Despite this, significant institutional activity such as BlackRock's $197.7 million Ethereum acquisition and a surge in staking interest have contributed to ongoing market engagement. Currently, Ethereum’s market capitalization stands near $382.5 billion, with robust trading volume in the $21.6–$25.1 billion range and healthy decentralized activity, reflecting continued investor attention amid elevated volatility.