币界网报道：Ethereum continues to face resistance at the $2,500 level despite recent market optimism, as institutional buying fails to provide sufficient momentum for a sustained breakout. Analysts note that while ETH has seen increased accumulation from large investors, selling pressure near this psychological threshold remains strong. On-chain data reveals significant sell orders clustered around $2,450-$2,550, with derivatives markets showing cautious positioning. Some traders suggest the current consolidation could be healthy for Ethereum's long-term prospects, allowing the network to demonstrate fundamental strength through rising DeFi activity and layer-2 adoption. Market observers are watching for potential catalysts, including progress on Ethereum ETF approvals and protocol upgrades, that could help ETH overcome this key resistance zone. The asset's performance against Bitcoin also remains a focus, with ETH/BTC ratio hovering near multi-month lows.