ETH Token Slides 4.38% Amid $1.62B Binance Trading, Whale Accumulation Signals Volatility

ETHUSDT experienced a 4.38% price decline over the past 24 hours, with Binance reporting the current price at $1,954.96, down from a 24h open of $2,044.51. The decrease is primarily attributed to heightened trading volume, liquidation events, and price consolidation below the $2,100 resistance level, as observed across major exchanges. Reports of large investor accumulation near $1,800, significant whale activity, and recent volatility have contributed to increased market activity, but resistance above $2,100 remains unbroken, prompting short-term price compression and risk of further downside. Ethereum's 24-hour trading volume was substantial, with $1.62 billion on Binance and $29.83 billion across all exchanges, underscoring continued high interest and volatility. Market capitalization is approximately $237.59 billion, reaffirming Ethereum’s status as the second-largest cryptocurrency.