Ethereum briefly reclaimed $2,500 before slipping 0.23% to about $2,495, with buyers facing resistance between $2,515 and $2,560. An on-chain support zone near $2,475 previously saw roughly 2.86 million ETH change hands, while exchange balances fell by 116,000 ETH in two days to about 11.92 million. The withdrawals reduced immediately available supply, but do not by themselves prove that holders intend to retain the tokens. Demand indicators have weakened: U.S. spot Bitcoin funds drew about $986.9 million in weekly inflows, compared with $218.4 million for Ethereum funds, down roughly 74% from the prior week. Daily active addresses remained below 500,000 during September and were more than 5% below the comparable period last year. A close above $2,560 could open a path toward $2,690 or $2,750, while a loss of $2,475 would put the rising 20-day moving average near $2,418.98 at risk of a retest. Derivatives turnover rose sharply without a comparable increase in open interest, and mixed momentum indicators leave the breakout unconfirmed.