ETH Resistance at $2,800 Cluster
The concentration of investor cost basis around $2,800 and weakening derivatives market sentiment could indicate potential price resistance for ETH.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
Still mostly niche and specialist coverage — not yet picked up broadly by mainstream press.
"his latest move has sparked speculations while also triggering doubts over his long-term confidence in the Ethereum price"
"According to Crypto analyst Ali Martinez, Ethereum has hit his first price downside target of about 1,560. Analyst now sees $1,070 as the next key level on the weekly chart."
"A May analysis from Glassnode identified a significant concentration of investor cost basis around the $2,800 level, while Santiment contributor ShayanMarkets reported weakening derivatives market sentiment through a declining Ethereum Taker Buy-Sell Ratio."