Viewpoint: ETH is approaching the $2500 resistance level, and overtrading may trigger a short-term pullback

ChainCatcher news, according to analysis by CryptoQuant author ShayanMarkets, the price of Ethereum is approaching the key resistance level of $2500, indicating an overheated market. Exchange data shows a significant increase in trading volume, primarily driven by profit-taking and the supply available in this price range.

ShayanMarkets believes that the current overheated market condition suggests a potential 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 sufficient new demand emerges to push the price above this resistance range.