Ethereum Price Drops 2.4% on US CPI Data

Ethereum's price dropped by 2.4% to $1,872 following the release of US Consumer Price Index (CPI) data, which met expectations and triggered profit-taking among investors.

The moderate selling pressure was reflected in exchange holdings, which saw a slight increase, indicating that some small wallets were distributing around 160,000 ETH while large holders accumulated approximately 100,000 ETH.

In related news, spot Ethereum ETFs experienced strong inflows last week but minor outflows this week. Technical analysis shows critical support at $1,875 and resistance near $1,920-$1,955, with mixed momentum suggesting cautious trading ahead.