Ethereum (Eth) faced renewed pressure in late trading, growing downwards from the level of $ 2,500 increased the volume and weakened widespread risk emotion. Global trade stress and renewed American tariff risks have triggered the risk-to-big flow, traditional markets in their response to geopolitical uncertainty with digital assets have been rapidly reflected.
On-chain data revealed the flow of large size for centralized exchanges-especially to put speculation to the institutional player trimming positions to put speculation from 385,000 ETH to bense-a ding. Although ETH has since recovered marginally to trade around $ 2,506, market observers are closely looking at whether buyers can defend this level or if another leg is less adjacent.
Technical analysis highlights
- Trade did a volatile $ 48.61 range (1.95%) between Eth $ 2,551.09 and $ 2,499.09.
- Price action formed a fast ascending channel before breaking up in the last hour.
- Heavy sales emerged near $ 2,550, which rose to gain.
- Between Eth 01:53 and 01:54 dropped from $ 2,521.35 to $ 2,499.09, with more than 48,000 eths in two minutes.
- Shortly after, the volume became normal, and the value is slightly cured, consolidating around $ 2,504- $ 2,508 bands.
- The level of $ 2,500 is now acting as interim support, although the pace with signs of delivery in recent volume patterns remains delicate.
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