Ethereum Price Drops Below $2,500 Despite Institutional Interest

Despite a dip below the $2,500 mark, Ethereum continues to attract institutional investment. Over $700 million was added to Ethereum-related exchange traded funds (ETFs) in recent market activity, signaling continued investor confidence. The price decline has impacted DeFi platforms, with their total value locked (TVL) dropping by 17%. This decline coincided with a surge in interest for competitor assets like Solana, which is benefiting from Ethereum’s downturn.