Opinion: ETH Approaching $2500 Resistance Level, Overheated Trading May Trigger Short-term Pullback

According to an analysis by CryptoQuant author ShayanMarkets, the price of Ethereum is approaching the critical resistance level of $2500, indicating an overheated market. Exchange data shows a significant increase in trading volume, mainly driven by profit-taking and the supply in this price range. ShayanMarkets believes that the current overheated market condition suggests a possible short-term correction, which will create conditions for a new round of accumulation. It is expected that Ethereum will continue to maintain a consolidation trend until sufficient new demand emerges to push the price through this resistance range.