币界网报道：Ethereum is currently testing the critical $2,500 resistance level amid mixed market signals, with analysts debating whether the asset can sustain its bullish momentum. Despite recent gains, ETH faces selling pressure near this threshold, which has historically acted as a strong barrier. Crypto trader Titan of Crypto noted that Ethereum must hold above $2,400 to avoid a potential drop to $2,200, while analyst Ali Martinez highlighted that breaking $2,500 could trigger a rally toward $3,500. On-chain data from Santiment shows Ethereum's supply on exchanges has dropped to 8.1%, the lowest since 2018, signaling reduced selling pressure as holders move assets to cold storage. However, derivatives markets indicate caution, with funding rates turning negative and open interest declining. The upcoming Dencun upgrade, expected to reduce Layer 2 transaction costs, could provide fundamental support for ETH's price. Meanwhile, Bitcoin's struggle to reclaim $52,000 adds macro uncertainty to Ethereum's near-term trajectory.