Ethereum (ETH) has made a small comeback after plunging sharply below $2,500, now stabilizing just above the $2,550 mark as investors look for stabilization. Following a rollercoaster drop to about $2,420–$2,430 towards the end of last week, ETH reversed its trend, rallying into the $2,560–$2,570 region overnight and probing the significant $2,550 resistance point
Support Remains, But Resistance Lingers
On-chain information and technical levels indicate a rebound accompanied by consolidation. Buyers defended the $2,420–$2,430 level during previous outflows, specifically U.S. spot ETH ETFs that posted a record one‑day institutional withdrawal of $11.3 M last week. In spite of that, big holders (1,000–100,000 ETH) ramped up positions, supporting a strong base on major levels. Ethereum created a short-term uptrend line, backed by 100‑hourly SMAs between $2,530–$2,550. The recent rally propelled ETH above that moving average and solidified the trend.
Resistance Around $2,550–$2,600
ETH kept hitting resistance around $2,550, an area where Fibonacci retracement, Point of Control, and historic highs meet ― a key battle zone for bulls and bears. Short-term upside is probably limited at $2,580–$2,600, with the resistance being supported by previous swing highs. Forecasters warn that not overcoming $2,550–$2,580 on heavy volume may draw price back to $2,500–$2,520 support. On the other hand, a clean breakout above $2,600 may embolden bulls toward $2,700 and possibly $2,800 in the near-term scenario.
Outlook & Market Sentiment
With a mixed institutional environment—ETF redemptions versus whale accumulation—and technical indicators signaling both harmony and conflict, Ethereum is at a critical crossroads. Tracking volume action in and around the $2,550–$2,600 area will be essential to identifying whether the bounce solidifies into a viable uptrend or weakens into a brief pullback. Currently, ETH is oscillating around $2,566, a fine balance between support and resistance. The coming days will determine whether this rally becomes a firm base above $2,550 or succumbs to further declines to $2,500 and lower.
