What are the support and resistance levels for ETH?

The first resistance level for Ethereum is between $2700 and $2800. This range has accumulated 4.7 million ETH, which is a huge accumulation zone. These holdings were built when ETH was at a high of $3500 in January 2025. After that, the price fell, and whales kept averaging down their costs to the $2700-$2800 range, and they are still at a loss. However, it is uncertain whether they will sell if the ETH price rises to $2800. If ETH successfully breaks through $2800, there will be almost no trapped positions above, making it easier for the price to rise. Once it breaks through, the accumulated positions at $2700-$2800 can turn into support, locking in liquidity and stabilizing the price. Currently, ETH is at $2500, not far from this resistance level, and the next thing to watch is whether it can push through decisively.