Ethereum Price Analysis: ETH Crashes to $2,499 as Binance Inflows Raise Whale Exit Fears
June 1, 2025
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By AI Boost, Siamak Masnavi|Edited by Aoyon Ashraf
Jun 1, 2025, 8:32 a.m.
- ETH experienced sharp intraday volatility, dropping from $2,551.09 to a low of $2,499.09 before stabilizing around $2,506, according to CoinDesk Research’s technical analysis data model.
- A high-volume sell-off in the final hour triggered a break below the $2,515-$2,520 support zone, raising concerns of institutional distribution.
- Ether is now consolidating just above $2,500, a key psychological and technical level that may determine near-term market direction.
Ethereum (ETH) faced renewed downside pressure in late trading, tumbling below the $2,500 level as selling volume surged and broader risk sentiment weakened. Global trade tensions and renewed U.S. tariff risks have triggered risk-off flows, with digital assets increasingly mirroring traditional markets in their reaction to geopolitical uncertainty.
On-chain data revealed sizable inflows to centralized exchanges — most notably 385,000 ETH to Binance —a dding to speculation that institutional players may be trimming positions. Although ETH has since recovered modestly to trade around $2,506, market observers are closely watching whether buyers can defend this level or if another leg lower is imminent.
STORY CONTINUES BELOW
Technical Analysis Highlights
- ETH traded within a volatile $48.61 range (1.95%) between $2,551.09 and $2,499.09.
- Price action formed a bullish ascending channel before breaking down in the final hour.
- Heavy selling emerged near $2,550, with profit-taking accelerating into a sharp reversal.
- ETH dropped from $2,521.35 to $2,499.09 between 01:53 and 01:54, with combined volume exceeding 48,000 ETH across two minutes.
- Volume normalized shortly after, and price recovered slightly, consolidating around the $2,504–$2,508 band.
- The $2,500 level is now acting as interim support, though momentum remains fragile with signs of distribution still evident in recent volume patterns.
External References
- “Ethereum Price Analysis: Is ETH Dumping to $2K Next as Momentum Fades?“, CryptoPotato, published May 31, 2025.
- “Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally“, NewsBTC, published May 31, 2025.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
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