Ethereum price around $2.500 after sharp fall

The Ethereum price is trading around $2.500 after a notable short-term price movement. After a strong rise towards $2.650, a sharp pullback followed. An analyst shares a chart analysis that shows how the move had been anticipated in advance based on liquidity levels and a pre-outlined scenario.

Ethereum is available at OKX and Bybit.

In brief:

• Ethereum is trading around $2.500, a decline of 2.1% over the past 24 hours
• After a peak towards $2.650, a strong pullback followed to support levels around $2.430
• An analyst points to liquidity and a previously described scenario as the explanation for the move

Strong rise followed by correction

On the 4-hour Ethereum chart on Binance, a clear pattern is visible. After a longer consolidation phase between roughly $2.370 and $2.570, the price broke upwards and briefly reached a level of around $2.650. A rapid pullback then followed to the support zone around $2.430.

At the time of writing, Ethereum stands at $2.480, a loss of 2.1% compared with a day earlier. The chart shows a hand-drawn scenario that had already anticipated the movement after the peak: first a pullback, followed by a recovery attempt and a new correction towards the lower support.

Analyst: liquidity and scenario line up

The analyst behind the X account @eliz883 shares the analysis and states that the movement matches a previously described expectation. It centred on where liquidity was located and how the price could react to it.

According to the analyst, the chart contains the basic principles of technical analysis: identifying liquidity, drawing up a scenario and closely following the execution. This concerns an expectation that subsequently matches what the market did, not a guarantee of future price behaviour. Whether the support around $2.430 holds in the event of a further decline remains uncertain for now.