As of May 31, 2025, Ethereum ($ETH
) is experiencing notable market activity on Binance:
Market Overview:
Current Price: $2,509.94
24-Hour Change: -0.04%
Intraday High: $2,641.73
Intraday Low: $2,497.85
Ethereum has seen a 4.16% decrease over the past 24 hours, dropping below the $2,500 mark.
Key Developments:
WalletConnect Token Integration: Binance has completed the integration of WalletConnect Token ($WCT
) on the Ethereum network (ERC-20), enabling deposits and withdrawals.
Whale Activity: A significant Ethereum holder incurred a loss of 16,452 ETH (approximately $42.64 million) due to an unsuccessful trading strategy, highlighting the risks associated with large-scale trades.
Technical Analysis: Ethereum is currently testing a critical support zone between $2,550 and $2,600. A sustained hold above this level could indicate a potential rebound towards $2,700, while a drop below may lead to further declines.
Regulatory News: The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Binance, a development seen as a positive shift towards regulatory clarity in the crypto industry.
Investors are advised to monitor these developments closely, as they may influence Ethereum's price trajectory in the near term. #CEXvsDEX101 #TradingTypes101 #FTXRefunds #PCEMarketWatch #MarketPullback