Ethereum (ETH) faced renewed downside pressure in late trading, tumbling below the $2,500 level as selling volume surged and broader risk sentiment weakened. Global trade tensions and renewed U.S. tariff risks have triggered risk-off flows, with digital assets increasingly mirroring traditional markets in their reaction to geopolitical uncertainty.

On-chain data revealed sizable inflows to centralized exchanges — most notably 385,000 ETH to Binance —a dding to speculation that institutional players may be trimming positions. Although ETH has since recovered modestly to trade around $2,506, market observers are closely watching whether buyers can defend this level or if another leg lower is imminent.

Technical Analysis Highlights

• ETH traded within a volatile $48.61 range (1.95%) between $2,551.09 and $2,499.09.
• Price action formed a bullish ascending channel before breaking down in the final hour.
• Heavy selling emerged near $2,550, with profit-taking accelerating into a sharp reversal.
• ETH dropped from $2,521.35 to $2,499.09 between 01:53 and 01:54, with combined volume exceeding 48,000 ETH across two minutes.
• Volume normalized shortly after, and price recovered slightly, consolidating around the $2,504–$2,508 band.
• The $2,500 level is now acting as interim support, though momentum remains fragile with signs of distribution still evident in recent volume patterns.

External References

• «Ethereum Price Analysis: Is ETH Dumping to $2K Next as Momentum Fades?«, CryptoPotato, published May 31, 2025.
• «Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally«, NewsBTC, published May 31, 2025.

Solana (SOL) remains under pressure as macroeconomic headwinds—particularly renewed tariff concerns — rattle investor confidence.

The token is now hovering around $154.50 after establishing a tight trading range between $152.33 and $158.06, reflecting a 3.76% swing in the past 24 hours, according to CoinDesk Research’s technical analysis data model.

Although higher lows had previously suggested resilience, SOL slipped from $156.74 to $154.86 in a single hour, breaking beneath its mid-April uptrend channel.

Derivatives data reflects bearish sentiment: open interest in SOL futures is down 2.47% to $7.19 billion, while long liquidations surged to $30.97 million, indicating pressure on leveraged positions. Short liquidations remain minimal, reinforcing the downside bias.

Still, institutional interest remains evident. Circle’s recent $250 million USDC mint on Solana has added liquidity and cemented the chain’s stablecoin leadership, with 34% of all stablecoin volume now routed through the network. Additionally, SOL Strategies’ $1 billion validator fund signals sustained long-term confidence in the protocol’s scalability, even as short-term price action falters.

Technical Analysis Highlights

• SOL established a 5.73-point range ($152.33–$158.06), indicating a 3.76% intraday swing.
• Earlier price action traced a clear ascending channel with solid support near $152.80, supported by heavy accumulation.SOL hit a session high of $158.06 during the 19:00 hour on strong volume, signaling earlier bullish momentum.
• A reversal unfolded in the early morning hours, with SOL falling from $156.74 to $154.86 on increased selling.Selling pressure peaked between 01:53–01:54, with over 74,000 units traded in a sharp burst.
• Short-term momentum turned bearish as lower highs and weaker volume defined the final trading stretch.As of writing, SOL is consolidating near $154.50, suggesting price stability but with downside risk if volume doesn’t improve.

Uniswap’s native token initially broke below its uptrend line after failing to hold momentum above the $6.00 support level.

The decline followed the formation of an ascending channel earlier in the day, but that structure collapsed under high-volume selling, including a spike of over 1.4 million units as prices briefly touched $6.00.

However, the breakdown proved temporary. UNI quickly reversed course and climbed back to $6.18, indicating strong dip-buying interest and suggesting the uptrend may still be intact if support near $6.05 continues to hold.

Technical Analysis Highlights

• UNI formed a clear ascending channel throughout most of the day, with notable support at the $6.00 level backed by above-average volume.
• A sharp reversal occurred as UNI briefly broke below its uptrend line, triggering high-volume selling.
• Two significant volume spikes occurred: over 455,000 units at 01:38 and exceeding 1.4 million units at 01:42.
• The token quickly rebounded after the breakdown, regaining ground and pushing back toward the $6.18 area.
• Initial resistance was encountered at $6.19, which now appears within reach again as bullish momentum returns.
• The price action showed a substantial intraday range of 0.226 (3.78%), highlighting persistent volatility

External References

• «Uniswap Rally Loading—Here’s Why The Next Move Could Be Explosive«, NewsBTC, published May 31, 2025.