๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ ๐๐ ๐ ๐๐ฟ๐ถ๐๐ถ๐ฐ๐ฎ๐น ๐ง๐๐ฟ๐ป๐ถ๐ป๐ด ๐ฃ๐ผ๐ถ๐ป๐ โ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐ ๐ผ๐ฟ ๐ฃ๐๐น๐น๐ฏ๐ฎ๐ฐ๐ธ ๐๐ต๐ฒ๐ฎ๐ฑ?
Ethereum is showing signs of strengthโbut can it push past the final hurdle? After bouncing back from Aprilโs $1,600 low, ETH now faces a critical resistance zone near $2,800, where many past buyers are waiting to exit.
๐ Whatโs Happening Around $2,800?
โข According to Glassnode, a large number of investors bought ETH near $2,800
โข As ETH revisits this level, many are likely to sell at breakeven
โข This could create short-term selling pressure, capping the upside
๐ง On-Chain Insights
โข $2,800 is now a major cost basis cluster โ a psychological and technical barrier
โข Unless bullish momentum picks up, ETH may struggle to break this level
โข No major resistance lies beyond $2,800 until the $3,000 zone
๐ก๏ธ Strong Demand Zone Below
โข Between $2,330 and $2,410, over 63 million ETH is held by 2.58M wallets
โข This support zone could provide a springboard if ETH dips again
โข Current price: $2,500, down 2% in the past 24h
๐ Whatโs Next for ETH?
โข Breakout above $2,800 = Fast move to $3,000+
โข Failure = Retest of $2,370โ$2,410 support before another rally
Your Turn: Will Ethereum Explode Past $2,800 or Face a Rejection First?
Drop your prediction below!