Analysis: ETH is trading lower in a $2,500 range as fears of whale flight sparked market volatility

PANews
PANews
ETH-5.68%

PANews reported on June 1 that according to CoinDesk, the price of ETH fell to $2,500 in a short period of time but then recovered, and the trading volume rose significantly around midnight, especially in the last hour, more than 48,000 ETH were traded in two minutes, causing the price to fall below the support range of $2,515-2,520.

On-chain data shows that about 385,000 ETH flowed into centralized exchanges such as Binance, sparking speculation that institutional investors may reduce their holdings. The price of ETH is currently trading in the $2,500 range, which is seen as a key psychological and technical support level. In addition, global trade tensions and the risk of U.S. tariffs have exacerbated the market's risk aversion, and the digital asset market has begun to fluctuate in tandem with traditional markets.

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