ETH Slides 4% Amid $3,000 Resistance Struggle and Soaring 36 Million ETH Staked Supply

ETHUSDT experienced a notable 4.02% price decline over the last 24 hours, opening at 2963.57 and currently trading at 2844.41 on Binance. This drop is largely attributed to ongoing market correction pressures, with ETH recently failing to break the $3,000 resistance and facing rejection at the 200-day moving average, as reported by multiple technical analyses. Increased staking activity—over 36 million ETH staked, representing about 30% of supply—has also impacted liquidity, while the trading volume remains strong at approximately $11.63 billion on Binance, despite a recent 21.40% decrease in overall market activity. Social media sentiment remains generally bullish, supported by institutional interest such as UBS's announcement to offer ETH to high-net-worth clients in Switzerland, though near-term price action is currently dominated by technical resistance and reduced momentum.