ETH Price Drops Below $2,500 Amid Increased Selling Pressure
Ethereum (ETH) fell below $2,500 amid increased selling volume and weaker risk sentiment. Global trade tensions and U.S. tariff risks contributed to a risk-off atmosphere, causing digital assets to mirror traditional market behaviors.
On-chain data showed significant inflows to centralized exchanges, particularly 385,000 ETH to Binance, indicating institutional players may be reducing positions. ETH has recovered slightly to about $2,506, with market participants observing if buyers can maintain this level or if further declines will occur.
Technical Analysis Highlights
- ETH traded in a volatile range of $48.61 (1.95%) between $2,551.09 and $2,499.09.
- A bullish ascending channel was formed before a breakdown occurred.
- Heavy selling happened near $2,550, leading to profit-taking and a sharp reversal.
- ETH dropped from $2,521.35 to $2,499.09 within two minutes, with over 48,000 ETH traded.
- Volume normalized after the drop, with prices consolidating around $2,504–$2,508.
- The $2,500 level serves as interim support, but momentum appears fragile with distribution signs in recent volume patterns.