Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Analysis: Concerns about whale escapes trigger market volatility, ETH falls in the short term and now fluctuates in the $2,500 range

Analysis: Concerns about whale escapes trigger market volatility, ETH falls in the short term and now fluctuates in the $2,500 range

CointimeCointime2025/06/01 13:48
By:Cointime

the price of ETH fell to $2500 in a short period of time but then rebounded, with trading volume significantly increasing around midnight, especially in the last hour, with over 48,000 ETH traded in two minutes, causing the price to fall below the support range of $2515-2520. On-chain data shows that around 385,000 ETH flowed into centralized exchanges such as Binance, sparking speculation in the market about possible selling by institutional investors. Currently, ETH price is fluctuating in the $2500 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 intensified market risk aversion sentiment, with the digital asset market beginning to move in sync with traditional markets.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Headshot! Bonk’s new game is kill

Kriptoworld2025/06/04 21:56

Caution is the ‘modus operandi’ for markets: K33

K33 analyst Vetle Lunde warned of potential volatility ahead

Blockworks2025/06/04 21:32
Caution is the ‘modus operandi’ for markets: K33