The cryptocurrency market today recorded a notable decline in Ethereum (ETH). After fluctuating around a strong support level, ETH plunged below the $2,500 threshold, setting a new short-term bottom at $2,498.73 per coin.This was the lowest price of the session, reflecting the selling pressure that is dominating the market.
This fluctuation resulted in a 0.82% decrease in the day with a sudden increase in liquidity, showing that investors are reacting strongly to negative signals. ETH's decline appeared in the context of traders prioritizing capital preservation and limiting risks in a highly volatile market environment. This adjustment added to the warning voice about the current market sentiment.
Ethereum, which is a key asset for DeFi protocols and Web3 applications, has faced profit-taking pressure after failing to maintain an important resistance level. The slight weakness in this price zone prompted automated trading bots and stop-loss orders to trigger, creating a domino effect in the crypto ecosystem. Shorts increased sharply, while the number of short-term holders increased dramatically.
Market sentiment is currently turning cautious, as many investors reassess their staking, farming, and leveraged positions. Capital flows and trading volumes show a clear defensive response, while emphasizing the impact of macro factors on asset prices.
Although the decline is not too large, the move to break through the $2,500 technical support level is in the risk warning zone for those participating in the crypto sector. Investors need to pay attention to volume developments, order book depth, and breakout confirmation signals to make appropriate decisions in the short term.
The ETH price chart reflects the market's sensitivity to macro information and internal fluctuations. Whether the market recovers or continues to decline will depend on new money flows, market confidence, and the actions of whales and large institutions. This is a time that requires alertness and flexible capital management for all crypto investors.