Ethereum Reclaims $2,500 Level as Holders Return to Profit
The price of Ethereum recently changed hands at $2,508.45 after recording a 4.1 percent hike over a 24-hour period, according to a report by ambcrypto. This movement drew attention across the digital asset market as the leading altcoin has struggled since February 2026 to firmly reclaim positions above the $2,500 resistance level. Aside from persistent bearish pressure and extended consolidation phases, Ethereum has faced limited major bullish momentum during this period.
Data cited by ambcrypto indicates that as prices climbed, the relative strength index reached overbought territory before slowly cooling down into the 60 to 70 range. This shift allowed a portion of Ethereum holders to return to profitable positions following months of market uncertainty. However, concurrent on-chain activity has introduced new variables for traders watching the network.
Specifically, market tracking data highlighted by ambcrypto revealed that a prominent Ethereum whale appeared to liquidate an entire position consisting of 167,855 tokens. This large transaction was valued at approximately $408 million at the time of transfer. Analysts are closely watching whether the influx of capital and returning profitability can provide enough network support for Ethereum to maintain its position above the key $2,500 psychological and technical threshold in the near term.
Based on reporting by ambcrypto.com.
