Ethereum $ETH saw a sudden price drop below $2,500 due to heavy selling, sparking fears that big investors (whales) might be exiting. However, the price quickly bounced back above this key level.
Key Points:
$ETH faced sharp price swings, falling from $2,551 to $2,499 before stabilizing near $2,506.
A large sell-off in the last hour pushed ETH below the $2,515-$2,520 support zone, raising concerns about big players selling.
The price is now holding just above $2,500, a critical level that could decide ETH’s next move.
Why Did ETH Drop?
Whale Activity: On-chain data showed 385,000 ETH moved to Binance, suggesting possible large sell orders.
Market Sentiment: Global economic concerns and U.S. trade tensions may have triggered risk-off trading, affecting crypto markets.
Technical Analysis:
ETH traded in a tight range between $2,551 and $2,499 before recovering.
A sudden sell-off caused a rapid drop, but buyers stepped in near $2,500.
The $2,500 level is now acting as short-term support—if it holds, ETH
ETH could stabilize. If not, more downside is possible.
What’s Next?
Traders are watching to see if ETH stays above $2,500. If buying pressure returns, the price could recover further. However, if selling continues, another drop may happen.
