Ethereum Briefly Dips Below $2,500 Amid Heavy Selling, Market Eyes Whale Activity
Ethereum (ETH) came under renewed pressure late Saturday, briefly slipping below the $2,500 threshold as a sudden surge in volume sparked fears of large-scale selling. The move follows rising macro uncertainty, with global trade tensions and U.S. tariff threats prompting risk-off behavior across both traditional and digital asset markets.
Market participants noted a significant uptick in exchange inflows, including a 385,000 ETH transfer to Binance, fueling speculation that whales or institutional holders may be de-risking. The sharp drop sent ETH as low as $2,499.09 before the asset managed a modest rebound to hover around $2,506.
Traders are now focused on whether the $2,500 level can hold as short-term support, or if broader selling pressure will lead to a deeper retracement.
Technical Picture
- ETH moved within a $48.61 range, from a high of $2,551.09 to a low of $2,499.09 — a 1.95% swing.
- A bullish ascending channel had been forming earlier in the session, but broke down during the final hour of trading.
- A wave of profit-taking and possible institutional selling emerged around $2,550, accelerating into a rapid drop.
- ETH declined sharply from $2,521.35 to $2,499.09 between 01:53–01:54, with over 48,000 ETH traded in that short window.
- Volume cooled off shortly after, with price consolidating near $2,504–$2,508.
- While ETH has bounced back above $2,500, recent volume trends suggest distribution may still be underway, keeping momentum fragile.
As risk sentiment remains jittery, ETH traders are watching macro cues closely, with key support zones and on-chain signals likely to dictate the next move.
