Ethereum Faces Key Test at $2,535

Ethereum is currently stuck in a tight range as it fights to stay above the $2,500 mark. Traders are closely watching the $2,535 resistance level, which has proven difficult for buyers to overcome in recent sessions. The coin was trading near $2,486 earlier today.

While buyers have managed to defend short term support areas, the broader market lacks the energy needed for a strong upward move. Current data shows negative capital flows, suggesting that institutional interest remains cautious for now. Without a spike in buying volume, the price may continue to drift sideways.

To signal a change in trend, ETH needs to secure a daily close above the $2,535 barrier. If the price fails to hold current support levels, we could see a retest of lower demand zones. Traders should monitor volume closely over the next few days to see if a breakout attempt gathers real strength.