#ETH突破2500 turn

Ethereum falls back after reaching $2600 during the night: According to monitoring by Phoenix Finance and Coin World, ETH briefly broke through $2600 (highest 2619.94 USDT) in the early hours of May 11, but quickly fell back to $2581 due to selling pressure from large whales, with a 24-hour volatility of 4.8%. On-chain data shows that an anonymous address sold 12,000 ETH (worth $31.2 million) at the moment of the breakout, triggering liquidations exceeding $47 million in long positions in the derivatives market. The current ETH price is $2525, and the technical chart shows a 'false breakout' pattern, requiring close attention to the battle between bulls and bears in the $2550-$2600 range. Matrixport warns that if the weekly close cannot hold above $2600, it may retrace to the support level of $2350.