Ethereum Pressed by Whales in Key Resistance Territory

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Whales continue to exert selling pressure on Ethereum (ETH), which is currently trading around $2,050 according to the latest data, representing a 5.63% increase in the past 24 hours. However, activity from large holders continues to limit the network’s recovery attempts.

Technical analysis from experts like Ted suggests that ETH needs to break through the critical barrier of $2,400 to confirm a sustainable rebound. As long as whales maintain their selling pressure near the $2,050 level, the cryptocurrency will face difficulties gaining upward momentum. The dynamic between these whales and the price structure will be decisive in determining Ethereum’s next directional move in the coming days.

ETH1,54%
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