Ethereum (ETH) Dips Below $2,500 First time in 5-days

Ethereum (ETH) has experienced a major dip after the US markets closed on Friday, emphasizing the role of US-based and global institutional players in the ongoing crypto market rally.

Ethereum price dropped 4% on Saturday morning, as investors booked some profits in anticipation of low weekend market volumes. While key indicators reflect dominant bearish sentiment, critical trading data from Binance reflects strong buying pressure from whale traders.

Can the whales keep momentum above $2,400 or will they accelerate the active retail capitulation towards $2,200?

Ethereum (ETH) Dips Below $2,500 First time in 5-days

Ethereum (ETH) has seen a major dip after the US markets closed on Friday, highlighting the role of US-based and global institutional players in the ongoing crypto market rally.

At press time, Ethereum price has dipped below the $2,500 mark, losing 4% as it traded as low as $2,457, according to CoinGecko data.

With ETH positing 35% on the 14-day time frame, recent reports show that large investors’ inflows were a key bullish catalyst for Ethereum.

As corporate markets now close for the weekend, Ethereum’s 4% drop can be attributed to short-term traders scaling down their positions in anticipation of weak market volumes over the weekend.

Related Reading: Ethereum Price Analysis: Decoding The Recent Sell-Off And What To Expect Next

Binance Top Traders Could Rescue Ethereum Rally

Despite Ethereum’s 4% drop, trading data from Binance presents a compelling case for potential near-term support.

Notably, Coinglass’ chart below shows Binance ETH/USDT Top Trader Long/Short Ratio currently stands at 2.6697, signaling that top-tier accounts remain heavily skewed toward long positions.

Even more telling, the Top Trader Long/Short Ratio by Accounts is higher at 3.04, meaning that over 75% of Binance’s top accounts are expecting a rebound.

These numbers reflect confidence among institutional-grade traders that Ethereum may still hold above $2,400. The strong top-trader bullish bias also stands in contrast to broader derivatives market signals.

While total ETH derivatives volume is down 12.78% to $72.27 billion, and options volume crashed 43.24% to $504.28 million, the options open interest remains stable, inching up 0.35% to $7.25 billion. This suggests strategic positioning rather than mass exit.

Meanwhile, liquidation data reveals an aggressive shakeout of long positions, with $81 million wiped out in the last 24 hours, including $16.9 million in the past 12 hours alone.

Despite this, short liquidations remain minimal at $12 million, indicating a lack of sustained downward conviction.

If Binance top traders maintain their leveraged long stance, Ethereum may bounce off the $2,450 to $2,480 range. A decisive push back above the $2,500 psychological level would likely invalidate short-term bearish momentum, especially if weekend volume surprises to the upside.

However, should sentiment deteriorate further, ETH price risks sliding toward the $2,200 support level, last seen during the April consolidation.