Ethereum’s Price Climb Faces Key Resistance at $2,800

Ethereum is inching closer to a crucial resistance zone near $2,800, sparking debate about whether bulls or sellers will ultimately control its fate. While price has rebounded from a steep drop in 2024, long-term holders face pressure to break even near this level. Analysts predict increased selling if Ethereum fails to clear the $2,800 mark with high trading volume. Some holders may cash out or secure profits, creating potential market turbulence. However, a decisive breakout above this threshold could flip resistance into support, paving the way for further gains according to on-chain indicators.