Technical analysis by MaxOnMarkets about Symbol ETH on 7/1/2025

👀 Possible scenario:Ethereum is trading above $2,400 after a volatile stretch, showing resilience but lacking a clear breakout. CryptoQuant data shows strong accumulation by long-term holders during recent consolidation, suggesting solid support beneath the surface. However, weakening volume and macro risks still raise the chance of a pullback if support levels break.Adding pressure, a whale entity recently moved over 62,000 ETH ($154M) to exchanges, with another $83M still in holding—posing a near-term sell-off risk. Traders now await a decisive move. A break above $2,500 could spark momentum, but caution remains as market sentiment stays mixed.✅ Support and Resistance LevelsSupport levels is now located at 2,400.00.Now, the resistance level is located at 2,550.00.