Ethereum Falls Through $2,500 Support on Large Seller Worries, Then Rebounds Swiftly
Ethereum Slides Below $2,500 on Heavy Volume, Recovers Amid Uncertain Sentiment
Ethereum (ETH) briefly fell beneath the $2,500 level late Saturday as a wave of high-volume selling hit the market, coinciding with rising geopolitical risk and renewed concerns over U.S. trade policy. The sudden drop stirred speculation that larger players may be exiting positions in anticipation of further macro-driven volatility.
Blockchain data flagged a major inflow to Binance — roughly 385,000 ETH — fueling worries that institutional wallets are moving funds to centralized platforms for potential liquidation. The market responded swiftly, with ETH falling from $2,521 to $2,499 in less than two minutes during a sharp downside move.
Despite the initial shock, price action quickly stabilized. ETH rebounded to trade near $2,506 at time of writing, though momentum remains fragile and technical indicators show early signs of distribution.
Technical Recap
- 24-hour range spanned $2,551.09 to $2,499.09, a 1.95% swing.
- Prior uptrend structure broke down late in the session, triggering stop-driven selling.
- Peak downside volume occurred between 01:53–01:54 UTC, with over 48,000 ETH traded.
- ETH found short-term stability around the $2,504–$2,508 range.
- $2,500 now acts as a pivotal support level; a decisive break below may expose deeper downside risk.
While Ethereum remains above support for now, traders are watching volume closely for confirmation of strength — or signs that another wave of selling could be on the horizon.
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