Ethereum (ETH) experienced a fresh wave of selling pressure in late trading, slipping below the $2,500 mark amid rising sell volumes and a weakening broader risk appetite. Heightened global trade tensions and renewed fears of U.S. tariff hikes have fueled risk-off sentiment, causing digital assets to increasingly echo traditional markets’ reactions to geopolitical uncertainties.
On-chain data shows significant inflows to centralized exchanges, with Binance receiving around 385,000 ETH, sparking speculation that institutional investors might be trimming their positions. Although ETH has since rebounded modestly to hover around $2,506, traders are now closely watching whether buyers can hold this level or if another dip is on the horizon.
Technical analysts highlight that ETH traded within a volatile $48.61 range, roughly 1.95%, between $2,551.09 and $2,499.09. The price initially formed a bullish ascending channel before a sharp breakdown in the final hour. Heavy selling pressure emerged near $2,550, with profit-taking accelerating and causing a swift reversal. Between 1:53 and 1:54 AM, ETH plummeted from about $2,521.35 to $2,499.09 in just two minutes, with over 48,000 ETH changing hands in that brief span. Market momentum has since stabilized slightly, with prices consolidating around $2,504–$2,508, but the overall sentiment remains fragile, with signs of distribution still evident in recent volume patterns.
The crucial $2,500 support level is holding for now, yet the market’s outlook remains uncertain as traders gauge whether this will be a temporary dip or the start of a deeper correction. As geopolitical tensions persist and macro risk factors weigh on investor confidence, Ethereum’s price action continues to be closely monitored by market participants seeking clarity on its next move.
