ETH Token Faces 3.37% Price Drop as Institutional Interest and ETF Activity Reshape Market

ETHUSDT experienced a 3.37% price decrease over the past 24 hours, with the current Binance price at $3,115.75 and a 24-hour opening price of $3,224.45. The recent price decline can be attributed to mixed technical signals, with shorter timeframes indicating bearish trends and the price breaking below key support levels around $3,160.82. Market volatility is heightened amid substantial trading volume, institutional interest driven by Morgan Stanley's SEC filings for an Ethereum Trust and ETF, and ongoing net inflows into U.S. spot Ethereum ETFs. Despite strong institutional adoption and record-high transaction volumes in late December 2025 and early January 2026, the short-term price has pulled back as the market consolidates near major resistance zones. Trading volume on Binance reached $1.049 billion, with total Ethereum market capitalization estimated between $375.55 billion and $390.15 billion. Ethereum remains the second-largest cryptocurrency, with a circulating supply of approximately 120.69 million to 121 million ETH.