Analysis: Whale Exodus Concerns Trigger Market Volatility, ETH Temporarily Dips and Now Fluctuates in the $2500 Range

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金色财经2025/06/01 10:44

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According to Jinse Finance, the price of ETH briefly dropped to $2,500 but then rebounded, with trading volume significantly increasing around midnight. In the last hour, over 48,000 ETH were traded within two minutes, causing the price to fall below the support range of $2,515-$2,520.

On-chain data shows that approximately 385,000 ETH flowed into centralized exchanges like Binance, sparking speculation that institutional investors might be reducing their holdings. Currently, the ETH price is fluctuating around the $2,500 range, which is considered a key psychological and technical support level.

Additionally, global trade tensions and the risk of U.S. tariffs have heightened market risk aversion, causing the digital asset market to begin fluctuating in sync with traditional markets.

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.

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