Ethereum Dips Below $2,500 in Flash Sell-Off, Recovers as Traders Watch Whale Moves
Ethereum (ETH) faced a sharp intraday drop late Saturday, falling below the critical $2,500 mark before recovering modestly, as concerns over large-scale sell-offs and macro uncertainty rippled through crypto markets.
The sell-off was triggered by a sudden surge in volume and exchange inflows, with on-chain data showing a notable 385,000 ETH moved to Binance. The spike raised alarm bells among traders, with many interpreting the move as a signal that whales may be unwinding positions amid rising global trade tensions.
ETH tumbled from $2,521 to $2,499 in just two minutes, marking a fast breakdown from its earlier bullish setup. The move coincided with a broader pullback in risk assets as tariff headlines reignited fears across financial markets.
Despite the plunge, Ethereum managed to claw back above the $2,500 threshold, now trading around $2,506. While the quick recovery offers some reassurance, market participants remain cautious given the lingering signs of distribution and the fragile macro backdrop.
Technical Overview
- ETH saw a 1.95% swing on the day, ranging between $2,551 and $2,499.
- The drop broke a short-term ascending channel, suggesting fading upward momentum.
- A high-volume flush occurred at 01:53–01:54 UTC, with more than 48,000 ETH traded in that window.
- Price action stabilized around $2,504–$2,508 following the reversal.
- $2,500 now serves as a key battleground between buyers and sellers, with short-term momentum still uncertain.
As Ethereum enters a new week of trading, analysts are watching closely for follow-through — either a recovery above $2,550 or renewed pressure that could send the price toward lower support zones.
