ETH Price Dips Below $2,500 on Whale Exit Fears, Then Bounces Back Above Key Level

A sudden spike in volume triggered a plunge below $2,500, fueling speculation that major players are quietly offloading ETH.

ETH experienced sharp intraday volatility, dropping from $2,551.09 to a low of $2,499.09 before stabilizing around $2,506, according to CoinDesk Research's technical analysis data model.

A high-volume sell-off in the final hour triggered a break below the $2,515-$2,520 support zone, raising concerns of institutional distribution.

Ether is now consolidating just above $2,500, a key psychological and technical level that may determine near-term market direction.