#Ethereum Price Struggles To Hold Above $2,500 — Watch Out For This Support Level

Ethereum is facing renewed selling pressure as it struggles to maintain momentum above the crucial $2,500 level. After briefly pushing past this threshold earlier this week, ETH has slipped back below, signaling potential weakness in the short term.

Analysts are keeping a close eye on the $2,400 support level, which has historically acted as a key zone for buyers. A decisive break below this could open the door to further losses, possibly dragging ETH toward the $2,200 range.

Several factors are contributing to the uncertainty, including macroeconomic headwinds, Bitcoin volatility, and caution ahead of upcoming regulatory developments. On-chain metrics also suggest a decline in network activity and fewer large transactions, pointing to cooling investor sentiment.

Key Levels to Watch:

Resistance: $2,500 and $2,650

Support: $2,400 (critical), followed by $2,200

Traders should remain cautious and look for signs of strong buying interest near the support zone before re-entering long positions. A bounce from $2,400 could present a potential buying opportunity, but a breakdown might signal a deeper correction ahead.

Stay tuned and always manage your risk

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