ETH Price Dips Below $2,500 on Whale Exit Fears, Then Bounces Back Above Key Level
On-chain data revealed sizable inflows to centralized exchanges — most notably 385,000 ETH to Binance —a dding to speculation that institutional players may be trimming positions. Although ETH has since recovered modestly to trade around $2,506, market observers are closely watching whether buyers can defend this level or if another leg lower is imminent.
Technical Analysis Highlights
ETH traded within a volatile $48.61 range (1.95%) between $2,551.09 and $2,499.09.
Price action formed a bullish ascending channel before breaking down in the final hour.
Heavy selling emerged near $2,550, with profit-taking accelerating into a sharp reversal.
ETH dropped from $2,521.35 to $2,499.09 between 01:53 and 01:54, with combined volume exceeding 48,000 ETH across two minutes.
Volume normalized shortly after, and price recovered slightly, consolidating around the $2,504–$2,508 band.
The $2,500 level is now acting as interim support, though momentum remains fragile with signs of distribution still evident in recent volume patterns.
External References
"Ethereum Price Analysis: Is ETH Dumping to $2K Next as Momentum Fades?", CryptoPotato, published May 31, 2025.
"Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally", NewsBTC, published May 31, 2025.
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