Ethereum, copper, and inventory test support zones as markets face profitable pressure

The prices of high-risk assets, similar to Ethereum, exceed the key support points. Market data shows that Ethereum trades near the zone that previously caused major changes in the market direction, alongside copper, gold, RTY and US500. Investors are responding to ongoing profits, volatility, and broader macroeconomic uncertainty.

Ethereum holds $2,500 in volatility

Ethereum prices hovered around $2,520 on Tuesday for ongoing sales from both recent buyers and past owners. As prices approached $2,500 resistance, the market saw signs of overheating. Trading volumes, driven primarily by profit-making, have skyrocketed, leading to an increase in volatility and a short surge in futures liquidation.

The average coin age is a metric that tracks how long ETH remains in your wallet, and is declining to reflect the trend of investors continuing to distribute tokens. Recent futures data charts revealed higher trading activities and many liquidation orders over the past days, resulting in the liquidation of $71.83 million in assets.

Despite these pressures, Ethereum prices remain stable. Whale and facility purchases are consistent with much of the distribution from smallholders. In particular, BTCS, registered with NASDAQ, has announced the acquisition of 3,450 ETH, while Abraxas Capital has increased its holdings to 350,000 ETH since early May. On-chain data refers to these transactions to help retail investors stabilize prices despite recent profit sales.

Risk Asset Correlation in Lows

Recent chart data shows that RTY/SPX (risk stocks vs. broad US market), copper/gold, and Ethereum/Bitcoin pairs are all traded at long-term support levels. These areas signal movement earlier when trends reversal or accelerate. Multiple assets reaching accurate numbers indicate that the wider economy will have an impact on the market.

Market analysts, including Shayanmarkets at Cryptoquant, believe that a large cluster of historic purchasing activities will surround these zones. Additionally, IntotheBlock shows that over 70 million ETH have been purchased during this period, showing strong interest in maintaining prices. If prices drop at these points, the volatility could continue as investors react to unrealized losses.

The RTY/SPX ratio is now at a level that reached 2020, when stock market risk changed significantly. Copper/gold measurements tracking the difference between circular and defensive assets are closest to the lowest in years. Ethereum/Bitcoin trading prices are at the bottom of the multi-year range. This means that Ethereum performs less than other cryptocurrencies.

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Macroeconomic factors: Rate reduction, liquidity injection, and global stability of focus

Larger economic changes will strongly affect the performance of risky assets. Many market players are carefully following central bank actions, as lower interest rates and adding additional cash will allow investors to choose more risky assets. Expectations for global stability are rising to show that policymakers are ready to act if market conditions become even weaker.

Data shows that Ethereum investors have seen nearly $300 million in realized profits and $60 million in losses over the past two days. This activity can occur before the accumulation stage as buyers intervene after a sudden price adjustment.

Related: Ethereum ($eth) May 22nd Price Prediction: Will the Bulls maintain a breakout of over $2,550?

If Ethereum can support a major moving average, particularly the 50, 100, and 200-week SMA, analysts believe they can attempt to meet up towards $2,850 and potentially $4,100. However, if you do not exceed the range of $2,100-$2,260, this bullish scenario could be invalidated.