Ethereum enters a crucial phase as it is struggling to keep the $ 2500 support level after several unsuccessful breakout attempts over $ 2,700 in recent weeks. The broader market is under pressure, but Ethereum is still a gathering point for analysts who believe that an outbreak from this range can ignite a full altar season. While volatility remains elevated, the feeling slowly changes when on the chain and marketing activity reveals encouraging trends.
One of the strongest signals comes from Binance, where Ethereum election activity is again growing. According to the latest information, large orders have begun to flood back to the exchange since the 19 May-same signal that preceded ETH’s explosive rally from $ 2,200 to $ 4,000 at the end of 2023. This return of deep pockets signals renewed confidence and growing interest in Ethereum at current levels.
As macroeconomic uncertainty continues to shape the financial markets, ETH’s ability to keep over $ 2500 can determine the next major move for the crypto market. If buyers go in with strength, Ethereum may lead the fee for Altcoins In the coming weeks. At the moment, all eyes are on price measures and electoral behavior when traders prepare for what can be an important outbreak.
Ethereum whales return when haussey signal flashes on binance
Ethereum has spent the past year throwing behind Bitcoin, underperformed and fighting to build speed when it met continuous sales pressure and indecisive price measure. While BTC gathered for new holidays, ETH remained locked up in an interval, disappointing investors and left many questioning its leadership in the Altcoin space.
However, the latest price measure tells another story. In recent weeks, Ethereum has entered a more constructive phase. Despite ongoing geopolitical tensions, especially between the US and China, Ethereum has shown resilience, held over $ 2500 and is trying to recover higher levels. The change in the feeling is now reinforced by the chain and market data.
Top analyst Darkfost shared one compulsory metric Shows that Ethereum whales are again active at Binance. His chart combines location and futures market activity, cumulative volume and moving average values-which provides a rare all-in-one signal. The last time this signal was lit was in December 2023, just before Ethereum exploded from $ 2,200 to $ 4,000 in a few weeks.
According to Darkfost, since May 19, large purchase orders from whales have appeared in effect on Binance. This force in high -volume activity is a very encouraging sign and can mark the early stages of a new hooked trend.
Ethereum Price analysis: Bulls defend the key support in the consolidation of the range
Ethereum (ETH) is currently traded about $ 2,512 after rejecting $ 2,700 resistance zone several times in recent weeks. As can be seen from the daily chart, ETH has entered a sideways consolidation phase, fluctuating between 34-day EMA ($ 2,378) and 200-day SMA ($ 2,683). Despite the latest resale, bulls are still defending $ 2500 area, which now serves as critical short-term support.
The diagram shows a clear education with decreasing volume, which suggests that the market is waiting for a breakout decision. ETH remains over its 34-day EMA and all short-term moving averages (50/100 SMA), which signals that upward structure is intact for now. However, all strong daily closures under $ 2,480- $ 2500 can move speed and invite deeper retracing to $ 2 350.
In order to resume haussearted speed, Ethereum must recover $ 2,700– $ 2,800 resistance area with conviction, as this level has limited every upward attempt since the beginning of May. If successful, a breakout can open the door for a pressure against $ 3,000 and then.
Featured Image from Dall-E, Chart from Tradingview
Editorial process For Bitcoinist is centered on delivering thoroughly investigated, correct and impartial content. We maintain strict purchasing standards, and each page undergoes frequent review of our team of top technological experts and experienced editors. This process ensures integrity, relevance and value of our content for our readers.
