$ETH Briefly Drops Below $2,500 Amid Whale Activity, Quickly Recovers.
Ethereum ($ETH) experienced a sharp price dip on Monday, briefly falling below the key $2,500 level before quickly rebounding. The sudden move came amid concerns over whale activity and broader market sentiment.
Key Highlights:
ETH dropped from $2,551 to $2,499 before stabilizing around $2,506.
A large outflow of 385,000 ETH to Binance raised speculation about significant sell pressure from whales.
The $2,500 level is now acting as crucial short-term support.
What Triggered the Drop?
Whale Movement: On-chain data pointed to a large ETH transfer to Binance, often a signal of potential high-volume selling.
Macro Factors: Global economic uncertainty and escalating U.S. trade tensions may have contributed to the risk-off sentiment affecting crypto markets.
Technical Snapshot:
ETH traded in a narrow range before a sharp sell-off pushed it below the $2,515–$2,520 support zone.
Buyers quickly stepped in near $2,500, helping the price recover.
As of now, ETH is holding slightly above $2,500—making this a key level to watch.
What’s Next for $ETH ?
If ETH maintains support above $2,500 and buyer momentum increases, a rebound toward previous highs could follow. However, continued selling or a break below support could open the door to further downside.
Stay updated on $ETH price action and market trends here on Binance.
