Ethereum Faces Whale Pressure: Can ETH Survive the $1,750 Sell Wall?

Ethereum trades near $1,649 as Binance and Coinbase whales place sell walls at $1,750 and $1,655, keeping ETH under pressure.

Ethereum is facing fresh selling pressure as large holders continue to block its recovery. ETH was trading near $1,649 after falling about 2.40% on the daily chart.

Binance whales are forming a sell wall near $1,750, which has become the key level for bulls. A clean move above that area could change the current bearish pattern.

Meanwhile, Coinbase whales are adding another barrier near $1,655. This level is also important because ETH is trading close to it.

For now, Ethereum remains trapped inside the $1,500 to $1,750 range. Traders are watching whether buyers can defend support and retake resistance.

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ETH Struggles Near Key Sell Walls

Ethereum has shown an early bounce from recent lows. However, the move has not changed the wider short-term trend. The price still remains below the key $1,750 resistance level.

Binance whales are forming a wall near $1,750. This level has become important for traders watching ETH’s next move. A clean reclaim could show stronger buyer demand.

Coinbase whales are also adding pressure near $1,655. Since Coinbase is closely linked with U.S. market activity, this level is being watched closely. For now, ETH is struggling near that zone.

As a result, Ethereum remains trapped between $1,500 and $1,750. Buyers are trying to defend the lower range. Meanwhile, sellers continue to block recovery near the top.

Bulls Need $1,750 to Shift Momentum

The $1,750 level is now the main line for Ethereum bulls. A move above it could break the current pattern of weak rebounds. It could also reduce pressure from recent bearish retests.

Ethereum has recently followed a pattern of breakdowns and lower recoveries. Each bounce has failed before turning into fresh weakness. Therefore, traders want to see ETH hold above $1,750.

If ETH reclaims that level, attention could return to the $2,100 area. This zone is now the next major upside target. However, Ethereum must first clear the sell walls near current prices.

Until then, the market remains cautious. The $1,500 to $1,750 range is still the main area to watch. A break on either side may guide the next short-term move.

Technical Indicators Remain Weak

The daily chart still shows a bearish setup. Ethereum is trading below major Fibonacci levels after losing the $2,229 area. That level had acted as an important support before the breakdown.

The MACD also shows weak momentum. The MACD line remains below the signal line. In addition, the histogram is still negative.

The RSI is near 26, which places ETH in oversold territory. This suggests that Ethereum may be stretched to the downside. However, oversold conditions do not confirm a lasting recovery.

For now, support sits near $1,600 and then $1,500. If ETH loses this range, the price could move toward $1,400. On the upside, bulls need $1,750 before targeting $2,100 again.

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