As of June 2, 2025, Ethereum (ETH) is experiencing notable market activity and developments:
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🔻 Market Performance
Ethereum's price has dipped below the $2,500 mark, currently trading at approximately $2,493.24. This represents a 0.91% decrease over the past 24 hours. The price movement reflects a broader market correction, with ETH struggling to maintain momentum above key resistance levels.
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📉 Technical Indicators
Support and Resistance: ETH is hovering near the critical support level of $2,500. A decisive close below this could accelerate a downside correction.
Whale Activity: Large holders have moved approximately $37.17 million in ETH, indicating significant market maneuvers that could influence price stability.
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