Ethereum Faces Price Pressure Amid Accumulation Support
- Ethereum has slipped below $2,800 and is struggling to maintain the $2,700 level.
- The realized price of Ethereum accumulation addresses is trending higher, nearing the current market price.
- This realized price zone historically acts as strong support for accumulation whales.
- Whale accumulation remains active near $2,682, reinforcing this level as a defended price zone.
- ETH trades below its short- and medium-term moving averages, with dynamic resistance at the $3,000 level.
Ethereum’s current trading range reflects a market under pressure but supported by long-term buyers who continue to accumulate at rising cost bases. The presence of structurally committed buyers suggests stabilization rather than panic selling.
As Ethereum holds above the critical $2,650–$2,700 range, whale buying activity anchors prices despite broader market volatility. (Source)
