{"content":"ETH Drops 3.73% as Exchange Withdrawals and SEC ETF Delay Fuel Volatility Ethereum (ETHUSDT) is trading at approximately 2,489.14 USDT, reflecting a 3.73% decline over the past 24 hours, with a 24h open of 2,585.56 USDT. The recent price decrease is attributed to several factors: significant ETH withdrawals from exchanges by large holders such as Abraxas Capital and another major wallet, which may indicate reduced immediate selling pressure but can also contribute to short-term volatility. Additionally, the U.S. SEC's decision to issue a stay on Grayscale's planned ETF conversion has temporarily delayed expanded institutional access to Ethereum, dampening some bullish sentiment. Broader market volatility has also been influenced by recent U.S. macroeconomic data releases, including the Non-Farm Payrolls report and unemployment rate updates. Over the last 24 hours, Ethereum’s trading volume reached approximately $16.06 billion, with price fluctuations between $2,474.56 and $2,603.60, and a market capitalization near $300.28 billion, underscoring continued volatility amid shifting investor sentiment and regulatory developments.","images":[],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}