Recently, there has been a significant hurdle in Ethereum’s price recovery at the $2,800 level. Long-term investors who invested money into Bitcoin in 2025 are now visible on-chain at this price zone, hoping to break even after the drops. Consequently, those who hold ether at $2,800 are currently deciding if they should sell, which means that this zone is essential for Ethereum.
Resistance at $2,800: Ethereum’s Struggle to Overcome Sell-Side Pressure
According to Glassnode, Ethereum has a significant resistance point at $2,800. For those who have owned ETH for years, this price is often at the level they bought before the significant market drop in early 2025. A closer margin to break even could push these investors to reduce their investments, increasing the number of shares sold.
Since prices were lower at around $1,600 at the start of 2025, Ethereum’s recent gains have put it closer to the $5,660 resistance area. With many wallets in the $2,400 to $2,800 range visible on Glassnode’s heatmap, it becomes clear that a breakout of $2,800 may not be possible unless there is a lot of buying to soak up the selling pressure. For Ethereum to get past this resistance, more people must show interest in the asset.
Lack of New Active Addresses Signals Caution for Bulls
The rise in Ethereum’s value has not led to a similar jump in people using the network, judging from recent data. Ethereum still had about 340,800 active addresses at that time, not much higher than the beginning of 2025. In the past, significant price shifts were typically related to many new addresses forming, but this is not happening now. Since investing in Bitcoin has fallen, the recent price spike may be because existing owners are buying more coins.
Ethereum’s Market Dynamics: Key Takeaways
Because Ethereum failed to maintain a price above $2,600, the $2,800 resistance level seems quite strong. That 3.46% fall and higher trading mean sellers impact liquidity. With Ethereum approaching a big transition, individuals in the market are looking out for signs of a breakout or continued consolidation. If ETH manages to overcome this resistance, a large buying volume can lead to a bullish trend. However, Ethereum could continue to see rough patches if buying remains light, so investors should monitor market sentiment.
