Viewpoint: ETH approaching the resistance level of $2500, overheated trading may trigger a short-term pullback

According to Shayan Markets, author of CryptoQuant, the price of Ethereum is approaching the key resistance level of $2500, indicating an overheated market. According to exchange data, there has been a significant increase in trading volume, mainly influenced by profit taking and stock supply in the price range. ShayanMarkets believes that the current overheated market situation indicates the possibility of a short-term correction, which will create conditions for a new round of accumulation. It is expected that Ethereum will continue to maintain a consolidation trend until there is sufficient new demand to push the price beyond this resistance range.