ETH Slides Below $3,000 Amid Global Market Volatility, Trading Volume Soars 17% on Binance

Ethereum (ETHUSDT) experienced a price decrease of 3.29% over the last 24 hours, currently trading at 2,898.87 USDT on Binance. This decline is largely attributed to broader macroeconomic factors, including heightened US-EU trade tensions and shifts in Japan’s bond market, which have contributed to a risk-off sentiment in global financial markets. Additionally, a notable selloff in the cryptocurrency sector further pressured prices, with ETH losing its key $3,000 support level and accelerating downward movement. Despite the drop, trading volume for ETHUSDT surged by 17.70% to over $33.6 billion, reflecting increased market activity amid heightened volatility, while the asset maintains a circulating supply of approximately 120.69 million ETH and a market capitalization between $349 billion and $384 billion.