Ethereum closed at $2,253.13, down 4.52% over 24 hours. More importantly, trading volume jumped to 412,039 ETH, over twice the previous day's level.
That combination matters. A sharp decline on rising volume suggests sellers were much more active, although volume alone cannot tell us who was selling or why.
ETH is now trading below its 20-day EMA ($2,408.93) and 50-day EMA ($2,433.02). Both indicators sit well above the latest close, showing how much ground buyers would need to recover before the daily picture improves.
The chart also shows repeated resistance around $2,527–$2,547 and $2,567–$2,580. These are historical reaction zones, not immediate price targets. No reliable repeated support zone was identified in the 90-day window.
Meanwhile, Ethereum's Glamsterdam upgrade faces a separate technical delay. Its planned Hoodi testnet activation was postponed while developers investigate possible interactions between EIP-8037 and existing smart contracts. No replacement testnet date has been announced.
This is a development timeline issue, not evidence of a mainnet exploit, and there is no established link to ETH's price decline.
Until the daily price structure improves, the latest bounce attempts remain overshadowed by the broader weakness.
That combination matters. A sharp decline on rising volume suggests sellers were much more active, although volume alone cannot tell us who was selling or why.
ETH is now trading below its 20-day EMA ($2,408.93) and 50-day EMA ($2,433.02). Both indicators sit well above the latest close, showing how much ground buyers would need to recover before the daily picture improves.
The chart also shows repeated resistance around $2,527–$2,547 and $2,567–$2,580. These are historical reaction zones, not immediate price targets. No reliable repeated support zone was identified in the 90-day window.
Meanwhile, Ethereum's Glamsterdam upgrade faces a separate technical delay. Its planned Hoodi testnet activation was postponed while developers investigate possible interactions between EIP-8037 and existing smart contracts. No replacement testnet date has been announced.
This is a development timeline issue, not evidence of a mainnet exploit, and there is no established link to ETH's price decline.
Until the daily price structure improves, the latest bounce attempts remain overshadowed by the broader weakness.
