PANews reported on June 1 that according to CoinDesk, the price of ETH fell to $2,500 in a short period of time but then rebounded, and trading volume increased significantly around midnight, especially in the last hour, with more than 48,000 ETH traded in two minutes, causing the price to fall below the support range of $2,515-2,520.

On-chain data shows that about 385,000 ETH have flowed into centralized exchanges such as Binance, sparking speculation that institutional investors may reduce their holdings. Currently, the price of ETH is fluctuating in the $2,500 range, which is seen as a key psychological and technical support level. In addition, global trade tensions and the risk of US tariffs have exacerbated the market's risk aversion, and the digital asset market has begun to fluctuate in sync with the traditional market.