Ethereum Drops to $1,752, Exits Top 100 as Staking Hits Record 32.42%

Ethereum has plunged to $1,752 and slipped to 104th among global assets with a $212 billion market cap amid three weeks of ETF outflows and a broader crypto sell-off. The decline follows a break below $2,000 support in late May, with ETH down sharply from prior levels. Offsetting the price weakness, on-chain metrics hit records: staking reached an all-time high of 32.42% (39 million ETH), monthly transactions exceeded 70 million, and daily transaction volume surged to a two-month high of $9.92 billion on June 2, underscoring network strength even as price pressure intensified.