Ethereum Struggles Below $2,500: Can Bulls Regain Control?

Introduction
Ethereum is currently at a pivotal juncture, with its price dipping below the $2,500 threshold. Mixed signals from price action and on-chain metrics have intensified market scrutiny, especially as Ethereum's recent performance had outpaced Bitcoin's in the second quarter.

Market Analysis & Technical Insights
Key observations include:

• Technical Resistance: The $2,500 mark remains a critical resistance point.
• On-chain Metrics: Mixed metrics indicate uncertainty about prolonging the current trend.
• Comparative Performance: Despite recent outperformance compared to Bitcoin, the current dip has raised questions about future momentum.

Key Takeaways
For investors, understanding this moment is crucial. Consider the following strategies:

• Crypto Tax Tips: Keep thorough records of transactions during volatile movements to optimize tax planning.
• Building a Crypto Portfolio: Diversify investments to mitigate risks during periods of significant resistance levels.
• Market Monitoring: Stay alert to evolving technical signals and updates in global crypto news.

Future Outlook & Action Steps
Will Ethereum bulls regain control and push the price above $2,500? While the current resistance poses a formidable challenge, market fundamentals and strategic investor actions could sway the balance. Continuous monitoring and a flexible investment strategy are advised in this landscape.