Ethereum Price Battles Key Support Level

Ethereum Struggles to Maintain $2,500 Support Level

• Ethereum’s price surged over 35% in early May, reaching near $2,700 by May 13.
• The price fell below the $2,500 mark by the end of the week.
• Key support is identified between $2,354 and $2,430, where 63.9 million tokens were bought.
• This support zone involves 2.64 million addresses with an average purchase price of $2,395.
• As of now, Ethereum is priced at approximately $2,480, a slight daily increase of 0.7% but down nearly 4% weekly.

Ethereum’s recent performance shows a significant rise followed by a decline below the crucial $2,500 level. The next support zone lies between $2,354 and $2,430 due to substantial investor activity in this range.