Ethereum Price Analysis: ETH loses $2,500 Support, Can Binance Top Traders Restart the Rally ? 

Quick Summary:

Ethereum price is trading down 4% on Saturday May 16, as investors book-profits in anticipation of low weekend market volumes.

At press time, Ethereum price has dipped below the $2,500, losing 4% as it traded as low as $2,457, according to Coingecko data.

While key indicators reflect dominant bearish sentiment, critical trading data reflects strong buying pressure from whale traders on Binance.  Can the whales hold momentum above $2,400 or will they accelerate the active retail capitulation towards $2,200?   Ethereum (ETH) Dips Below $2,500 First time in 5-days  Ethereum (ETH) has experienced a major dip after the US markets closed on Friday, emphasizing the role of US-based and global institutional players in the ongoing crypto market rally.

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Category: Crypto

Markets: India

Topics: Price Analysis Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 20:36:34 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 175 words

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Copyright Owner: © CoinGape

News ID: 28768401

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