ETH Briefly Breaches $2,500 as Whale Activity Spooks Market, Then Climbs Back

Ethereum Reclaims $2,500 After Sudden Drop Sparks Whale Exit Concerns

Ethereum (ETH) briefly dropped below the $2,500 level late Saturday amid a spike in sell-side pressure, driven by increased exchange inflows and global market jitters tied to rising tariff tensions. The sharp move triggered renewed speculation that larger holders may be trimming positions under the surface.

On-chain metrics revealed a significant 385,000 ETH deposit into Binance, coinciding with a quick selloff that pushed prices from $2,521.35 to $2,499.09 in under two minutes. This triggered a wave of concern across crypto markets already on edge from deteriorating macro sentiment.

ETH has since recovered slightly, stabilizing near $2,506, though the rebound appears cautious as broader risk appetite remains weak.

Technical Snapshot

ETH’s price range over 24 hours stretched from $2,551.09 to $2,499.09 — a 1.95% move.
Price action broke down from an ascending pattern late in the session, signaling a loss of bullish momentum.
A flash drop occurred between 01:53 and 01:54 UTC, with combined trading volume topping 48,000 ETH.
After the pullback, ETH entered a narrow consolidation band between $2,504 and $2,508.
$2,500 now acts as a psychological and technical support, with breakdown risk persisting if volume trends do not improve.

While Ethereum has reclaimed key levels for now, traders remain cautious as signs of distribution and macro uncertainty continue to shape market sentiment.