Ethereum is approaching $ 2,800 – Will Whales turn ETH’s rally into a sale?

• ETH is facing resistance of $ 2.8,000, where a large cost-of-cost cluster signals strongly sales-sided pressure.
• Whale Netflows to exchanges increased 193.84% in seven days, suggesting that it comes to tissue.

Ethereum (ETH) is now approaching a heavy resistance zone close to $ 2,800, where a large cluster of the investors’ cost base is concentrated.

According to Glassnode, this area can invite significant pressure on the sales side when the underwater holders try the de-risk at Breakeven.

At press time, ETH was about $ 2549.98, a decrease of 4.59% in 24 hours.

Of course, the price increase during the past two weeks was impressive. But now Eth is the nose-to-nose with severe supply pressure and rally shows cracks.

Rally can lose fuel

While the Exchange Reserve dropped 3.66% to $ 48.18B – usually a haus -like sign of reduced sales print – opened the interest rate 4.32% to 16.61b. This divergence suggests mixed feeling.

Traders can lock in gains or reduce exposure before $ 2,800 resistance. In addition, derivative traders show less conviction as price vollatility increases.

Therefore, while reduced reserves suggest lower replacement inflow, reflecting bleaching of oi growing caution. The decline in participation can serve as a temporary barrier for a clean eruption beyond current levels.

Ethereum: Strategic Exit or Market Bluff?

Intotheblock’s data revealed a sharp decline of 193.84% in the large holder-to exchange Netflow relationship over the past week. This means that whales send ETH back to exchanges and possibly prepare to sell.

Historically, this behavior has preceded the distribution, especially as prices approach large levels of resistance.

30-day Netflow remains over 450%, which confirms that large holders had gathered strongly in advance. But the latest shift means growing preparedness to make a profit.

Retail Bulls dominates the board, but are they overexposed?

At Binance, ETH stands eternal long positions for 84.28% of open accounts, compared to only 15.72% shorts. The current long/short relationship Out of 5.36, overwhelmingly showed haussearted skewed.

But this overly one -sided positioning often signals vulnerability to a correction. If the price fails that rally previous resistance, supervised loss may be forced to go out and reinforce downward pressure.

Although the feeling seems favorable, the skew could strike back unless strong purchasing volume follows the next move.

Momentum fades when ETH stables

After rejection close to $ 2,747, ETH recalled back to $ 2,549.98. Although it is still over 9-day and 21-day EMA, the relative strength index (RSI) has slipped from 71.61 to 63.86.

This displacement reflects weakening haussearted momentum.

In addition, price measures suggested hesitate as it is consolidated during the resistance. If bulls do not regain control and shoot over $ 2,800 with volume, a retrace can follow.

Support of $ 2,540 and $ 2,386, however, remains intact and offers a pillow when reversing.

Ethereum’s attitude to $ 2,800 cost base cluster marks an important moment. Election behavior and softening open interest show caution, even when the retailers remain strongly long.

If ETH cannot break over the resistance, the profit is intensifying. Next move – up or down – is likely to be fast.