Ethereum is facing increased selling pressure as it approaches the $2,500 resistance level, with fresh data suggesting a potential short-term correction.
Futures Data and Market Trends
According to CryptoQuant data, the $2,500 resistance level is attracting trading volume and speculative interest. The data spans from September 2023 to May 2025 and reflects Ethereum's cyclical trading behavior, including heating and cooling phases. Over the past 20 months, Ethereum has gone through multiple phases, with red and dark red bubbles on the map indicating breakout periods and grey and green showing neutral or cooling phases.
Price and Trading Volume Changes
In the last 24 hours, Ethereum's price rose by 3.44%, reaching $2,497.84. Its market capitalization also increased by 3.44% to $301.55 billion. However, trading volume dropped by 21.08% to $25.86 billion, indicating caution among traders.
Possible Scenarios Ahead
As Ethereum approaches the $2,500 level, traders may be closing positions and taking profits. The size of the bubbles on the chart reflects the magnitude of volume, while color signals indicate changes in intensity. Conditions near $2,500 often precede short-term corrections when volume spikes occur without supporting demand.
The market situation for Ethereum suggests monitoring the $2,500 level, where potential short-term price fluctuations may occur. Traders should consider changes in volume and demand for informed decision-making.
