#ETHCrossed2500 Technical Analysis: Key Levels

• Current Price: ~$2,483

• Key Resistance: $2,500

• Next Resistance Level: $2,654

• Support: $2,344  

Analysts note that a breakout above $2,500 could open the way to $2,654. However, if ETH cannot hold above this level, a decline to $2,344 or lower is possible. Fundamental Factors

• Decline in Ethereum Revenue: Network revenues fell to $1.10 million, the lowest figure in a year.

• Decrease in “whale” activity: The number of addresses holding over 10,000 ETH has decreased, indicating possible profit-taking by large investors.