Will Ethereum (ETH) Experience Selling Pressure at the $2,800 Level?

Updated

May 27, 2025

Gambar Will Ethereum (ETH) Experience Selling Pressure at the $2,800 Level?

Jakarta, Pintu News—Ethereum has shown significant gains in recent weeks, with a rise of more than 40% in the last month. It managed to return to the $2,500 level after previously dropping to $1,800. However, despite the bullish momentum, there are indications that this rise may soon face obstacles.

Check out the full analysis here!

Critical Resistance Points and Selling Pressure

There is a notable cluster of investor cost basis levels around $2,800 for $ETH. As price approaches this zone, sell-side pressure may increase as many previously underwater holders may look to de-risk near breakeven. pic.twitter.com/ukn2s7cOJo
— glassnode (@glassnode) May 24, 2025

According to the latest report from Glassnode dated May 24, there is a significant cluster at the $2,800 price level where many investors have a cost basis. This means that many holders who bought at that level and have been incurring losses for several months, may now see an opportunity to exit with no loss.

When Ethereum (ETH) approaches this zone, the selling pressure from such investors could increase significantly. In addition, the change in sentiment in the futures market also adds to the caution.

A post from Santiment on May 25 showed a sharp decline in the buy-sell ratio by aggressive market participants, signaling that more sellers are entering the market. This could indicate a larger correction if this trend continues.

Also read: Ripple (XRP) Price Predicted to Plummet to $1.07, Here’s Analysis from Peter Brandt!

Technical Analysis Shows Mixed Signals

From a technical perspective, Ethereum (ETH) is still in an uptrend, but some warning signs are starting to appear. While it is still above all important short- and medium-term moving averages, this is a generally bullish sign.

Ethereum (ETH) is also still above its 50-day and 100-day moving averages, indicating that the long-term trend is still healthy. However, there are indications that the rally is starting to lose momentum.

After a strong expansion at the beginning of the month, the Bollinger Bands began to narrow, suggesting that volatility may be diminishing. Ethereum (ETH) is currently trading near the center line of the Bollinger Bands, signaling that the market has yet to decide on its next direction.

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Potential Scenarios and Effects of SEC Decisions

From here, there are two possible scenarios. If the $2,800 resistance is convincingly broken, especially with the SEC’s upcoming decision on staking for the Ethereum (ETH) ETF scheduled for June 1, ETH could move quickly towards $3,000 and higher.

Institutional demand through yield-generating ETFs will be a strong boost. However, if selling pressure increases around $2,800, especially from aggressive futures traders and sellers looking to make a return, Ethereum (ETH) may experience a healthy correction and will likely return to $2,200 support before resuming its next leg up. Ethereum (ETH)’s uptrend is still ongoing for now, but caution is advised.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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