Ethereum Struggles Below $2,500 Amid Speculation of Major Sell-offs

Ethereum Hit Hard by Sudden Selling Pressure

A significant increase in trading volume caused Ethereum (ETH) to plunge below the $2,500 mark, igniting fears that major investors may be quietly dumping their holdings. This change in price also correlates with broader market instability as geopolitical risks rise.

Key Insights:

ETH’s trading was marked by notable volatility, with a drop from $2,551.09 to a low of $2,499.09, before settling back around $2,506 according to data analysis by CoinDesk Research.
A substantial sell-off occurred in the last trading hour, prompting a breach of the $2,515-$2,520 support level, indicating possible distribution from institutional investors.
Currently, ETH appears to be stabilizing just above the critical $2,500 level, a position that could signal future market direction.

In recent sessions, Ethereum faced additional downside pressure as trading volumes surged, reflecting dwindling risk sentiment influenced by global trade disputes. Data indicated large inflows to centralized exchanges, particularly 385,000 ETH moving to Binance, intensifying speculation that significant players are reducing their holdings. While ETH has recovered slightly, the market is under close observation to see if buyers can sustain above this threshold or if further declines are forthcoming.

Technical Summary:

ETH oscillated within a volatile range of $48.61, a 1.95% variance during the session.
The price action initially established a bullish ascending trend but faced a breakdown during heightened sell-off activity.
Heavy selling pressure emerged close to the $2,550 mark, with profit-taking triggering a rapid reversal.
ETH saw a rapid decline from $2,521.35 to $2,499.09 within a minute, with a total volume surpassing 48,000 ETH.
Following these events, the price demonstrated a slight recovery, consolidating around the $2,504–$2,508 range, while the $2,500 level now serves as a temporary support, yet with upward momentum remaining fragile.

Additional References:

"Ethereum Price Analysis: Is ETH Dumping to $2K Next as Momentum Fades?", CryptoPotato, published May 31, 2025.
"Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally", NewsBTC, published May 31, 2025.

Disclaimer: Some elements of this content were generated utilizing AI tools with human review to ensure precision and compliance with editorial standards.