Ethereum Price Analysis: ETH loses $2,500 Support, Can Binance Top Traders Restart the Rally ?
Ethereum price is trading down 4% on Saturday May 16, as investors book-profits in anticipation of low weekend market volumes. 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. 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. Ethereum (ETH) Price Action, May 17, 2025 | Source: Coingecko With ETH positing 35% on the 14-day time frame, recent reports shows that inflows from large investors was a key bullish catalyst for… Read More at Coingape.com
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