Ethereum hovers around $2,550, with a technical indicator suggesting a potential move toward $2,650.

If ETH breaks below $2,500, traders eye $2,300 next—possibly even a drop to $2,000.

385,000 ETH moved to Binance; such inflows often hint at potential large-holder sell-offs.

Ethereum is holding near a make-or-break price level as the entire crypto market cools off after recent gains. The asset now trades around $2,550, which many traders are watching as a key level. While prices have pulled back from recent highs, Ethereum still shows strength compared to other coins.

Ali Martinez, a well-known analyst, shared a technical indicator that could shape Ethereum’s next move. He pointed to the TD Sequential signal on the 4-hour chart. “If ETH manages to hold above $2,550,” he said, “the TD Sequential indicator… is flashing a buy signal,” suggesting a short-term bounce toward $2,650. The idea is that when prices hold near strong demand zones, it often leads to a rebound.

That analysis gives bulls some hope, but other traders are more cautious. Fabrizio Agnese posted a warning on X about a deeper fall if $2,500 doesn’t hold. “If ETH loses 2.5K, you should expect to go to 2.3K,” he said. He added that there’s “a big gap in 2K,” hinting at the possibility of Ethereum falling toward $2,000 if $2,300 breaks.

Ethereum Exchange Activity Raises Concerns

Another concern comes from Ethereum’s recent flow into Binance. Amr Taha, a CryptoQuant contributor, reported that approximately 385,000 ETH was moved to Binance in one transaction. That’s one of the biggest single-day inflows in recent months. Such large inflows are often read as a sign that major holders may be preparing to sell.

This transfer may not guarantee a selloff, but it’s a warning that some traders are looking to stay liquid in case of high volatility. When institutions or large investors send coins to centralized exchanges, it usually means they want quick access to sell options.

Taha also observed that Bitcoin’s NUPL metric—a measure of unrealized profits—has risen to around 0.6. This is a level where, historically, many investors start to take profits. Similar readings earlier this year led to dips in Bitcoin’s price, and that pattern often pulls the rest of the crypto market with it.

Together, these signals suggest that traders are being cautious without making any final moves yet. The 385,000 ETH inflow to Binance and the NUPL nearing 0.6 do not mean an immediate crash, but they signal either a short correction or a longer pause in the uptrend.

Read More | Ethereum Whale Offloads 684,100 Tokens, Signalling a Potential Bearish Shift

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Filed under: Bitcoin - @ May 31, 2025 2:10 pm