ETH Price Drops 3.62% Amid $3 Billion Options Expiry, ETF Flows and Staking Demand Surge

Ethereum (ETHUSDT) has seen a price decline of -3.62% in the last 24 hours, opening at 3315.01 and currently trading at 3195.09 on Binance. This decrease is attributed to heightened market volatility following over $3 billion in Bitcoin and Ethereum options expirations, alongside mixed sentiment as technical indicators suggest consolidation and failed breakout attempts near the $3,330 level. Institutional interest remains strong, with positive ETF flows and increased staking demand reflected in Grayscale’s Ethereum Staking ETF distribution and a validator entry queue reaching 2.6 million ETH. Elevated trading volume, reaching up to $21.35 billion across exchanges, and robust network activity with more than 800,000 daily active addresses demonstrate ongoing engagement, while the market cap is estimated between $388 billion and $404.5 billion, confirming Ethereum’s position as the second-largest cryptocurrency.