ETH Price Slides 2.49% Amid Institutional Moves and $738M Trading Surge on Binance

Ethereum (ETHUSDT) experienced a 2.49% decrease in price over the past 24 hours, opening at 2019.99 and currently trading at 1969.63 on Binance. The decline is attributed to ongoing market consolidation and uncertainty, as Ethereum remains within a range of $1,800–$2,100. Recent institutional developments, such as Bitmine’s large ETH acquisition and Harvard’s investment in an Ethereum ETF, underscore growing institutional interest, but have not immediately shifted market direction. Increased trading volume, including over $738 million on the ETH/USDT pair at Binance, and technical patterns such as an ascending triangle suggest market participants are watching for a potential breakout. Despite heightened activity, Ethereum's price remains below its recent highs, reflecting cautious sentiment amid strong liquidity concentrations above the current price.