Ethereum is trading around $2,500 after a sharp correction from the $2,700 resistance area, with the price testing a key support zone. ETH remains above its 100-day and 200-day moving averages, but the RSI has dropped to approximately 40, signaling weakening momentum and a shift toward bearish territory. A decisive break below the $2,400 support could push the price toward the next support area between $2,000 and $2,200. The exchange supply ratio has recently rebounded after a period of decline, which could indicate a return of supply to exchange platforms and an increase in available selling liquidity.
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