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.

Source: CoinDesk