Ethereum Recovers Above $2,600 After Sharp Drop Triggers Heavy Trading

Ethereum price plummeted from 2724.737 to 2569.766, then recovered to 2621.656.

Increased market volatility underscored by significant trading volume and bearish activity.

A potential for further rise to $3000 supported by institutional interest and network improvements.

Technical Analysis Highlights

• Price opened high at 2724.737 before a sharp decline.
• ETH/USD fell to a low of 2569.766, marking a 6% decrease.
• Recovery observed as the price closes near 2621.656.
• Short-term support identified around the 2570 level.
• Decline period marked by heightened trading volumes.
• Volatile trajectory noted with high at 2642.839 before session close.

External References

• “Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend”, NewsBTC, published May 29, 2025.
• “Analyst Predicts $3K Ethereum (ETH) Milestone in June”, CryptoPotato, published May 29, 2025.
• “Ethereum Repeating Early 2024’s Playbook – $3,800 Target In Sight?”, NewsBTC, published May 30, 2205.
• “Ethereum Price Faces Mild Correction — Support Levels in Focus”, NewsBTC, published May 30, 025.