Ethereum stalls at 2,700 USD, but this pattern could be a 2023 déjà vu

Ethereum is experiencing significant trading activity with average order sizes on Binance climbing since December 2023. As of June 1, 2025, ETH is trading at 2,512 USD, with pressure from both buyers and sellers holding it within the 2,400-2,700 USD range.

There is increased activity from whales, who cumulatively bought 301,000 ETH tokens, signaling a potential market shift. However, despite whale interest, the price remains under pressure, indicating a tug-of-war between bullish and bearish sentiments.

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