Ethereum experienced a temporary spike in price reaching $2,600 before retracing. This volatility was sparked by significant whale transfers and hints of market instability. Technical indicators point to an uncertain future for the cryptocurrency. 🧐 📈 Analysis suggests that while Ethereum briefly touched $2,600 on May 22, 2025, traders were unsure about its direction due to a flurry of large ETH transactions coming from influential figures in the crypto space. Notably, rumors of this activity led to sell-off predictions in the market. 🚀 📉 Despite the initial surge, Ethereum’s price has remained relatively stable, oscillating between $2,540 and $2,558. This indicates a cautious approach from investors who remain watchful for any significant changes. 🔎 In addition to this, on-chain indicators suggest growing market activity as well as bullish trends, although technical analysis suggests that ETH is facing resistance at key levels such as $2,615 and may need to break through the level to propel further price increases. 💪 The potential for both bullish and bearish scenarios awaits as Ethereum navigates this turbulent period of market volatility.