Ethereum Struggles at $2,500 Mark Amid Key Resistance and Institutional Buying

Ethereum's price has been struggling to surpass the $2,500 mark, erasing the momentum it had built in the second quarter of the year, where it outperformed Bitcoin. The cryptocurrency's ability to maintain a bullish trajectory is now contingent on two critical factors.

Firstly, Ethereum's Market Value to Realized Value (MVRV) ratio stands at 1.16, slightly above the neutral threshold, indicating that holders are in a modest profit territory. However, this bullish sentiment is tempered by a long-term descending trendline that has been in place since 2018. For Ethereum to gain strong upward momentum, it must decisively break above this resistance line. A successful breakout could restore market confidence and trigger a sustained rally. Conversely, if the MVRV remains below the trendline, Ethereum may continue to move sideways or face renewed selling pressure, making expectations of a full recovery or major rally premature.

Secondly, Ethereum's price has been unable to break past the key resistance at $2,575. Without a strong daily close above this level, Ethereum is likely to remain range-bound. If bulls manage to push the price above $2,575, Ethereum could rally toward $2,850, a level that previously triggered a rejection. However, failure to maintain momentum above $2,575 may reignite bearish pressure, potentially driving Ethereum down toward the $1,750 support zone, which served as a critical base in March.

The visible range volume profile shows strong historical interest between $2,100 and $2,300, making this a key zone for determining Ethereum’s next move. Meanwhile, the Relative Strength Index (RSI) sat at 46.85, reflecting neutral momentum with no signs of overbought conditions. In conclusion, a confirmed breakout above $2,575 could reignite Ethereum’s bullish trend. On the other hand, failure to clear this level may trigger a fresh downtrend or increased price volatility.

In other news, Sharplink Gaming has accumulated another 5,989 ETH worth $14.45 million through Galaxy Digital. This move has bolstered institutional confidence in Ethereum, signaling that the firm is strategically positioning itself for future market growth. Exchange activity also highlighted growing involvement in key crypto infrastructure. As ETH trading momentum began to recover, this behavior reflected a longer-term accumulation strategy aimed at securing a stronger market foothold.