Ethereum Price Prediction: Oversold Signals Clash With Whale Pressure

TLDR

• Whale distribution near $2,400 continues to cap Ethereum’s short-term recovery attempts.
• Daily RSI is deeply oversold, signaling weakening downside momentum.
• ETH holds near $2,350, reflecting consolidation rather than clear accumulation.
• Support in the low-$2,200s is critical to prevent a deeper correction.

Ethereum (ETH) remains under pressure as price action stabilizes near the $2,350 zone following a sharp sell-off. Multiple charts now show a market caught between whale-driven supply and oversold momentum signals. These suggest short-term volatility, with $2,400 and the low-$2,200s emerging as critical levels.

Whale Distribution Caps Ethereum Price Near Key Resistance

According to analyst Ted, the Ethereum price continues to trade around $2,350, a zone acting as a short-term equilibrium. The ETH price remains confined between overhead resistance and nearby demand zones, reflecting hesitation rather than accumulation. This structure keeps the Ethereum price biased toward consolidation or downside continuation.

SOURCE: X

Ted highlighted persistent whale distribution as a major constraint on recovery attempts. Large holders appear to be selling into minor rebounds, particularly near the $2,400 resistance zone. These repeated rejections show that supply remains active and continues to absorb short-term buying interest.

From a structural standpoint, $2,400 remains the defining level. Until Ethereum can reclaim and hold above it, upside moves are viewed as corrective. Failure to break that barrier keeps downside risks intact, especially if broader market sentiment weakens further.

Ethereum Price Shows Oversold Momentum on Daily RSI

Meanwhile, analyst Crypto Rover focused on momentum rather than structure. The analysis shows Ethereum’s daily RSI dropping into deeply oversold territory. Historically, similar conditions have preceded relief rallies, suggesting selling pressure may be nearing exhaustion.

SOURCE: X

In addition, previous RSI extremes marked levels where buyers eventually stepped in, even within broader downtrends. This pattern indicates that downside momentum is weakening, although it does not guarantee a sustained reversal. Ethereum price may stabilize or bounce modestly before facing renewed resistance.

However, oversold signals alone are not sufficient for trend confirmation. The analyst noted that Ethereum price must still reclaim key technical levels to validate any recovery. Without structural follow-through, oversold conditions can persist longer than expected in bearish environments.

Daily Support Holds as Ethereum Price Seeks Stability

Additionally, analyst CRYPTOWZRD pointed out Ethereum’s daily market structure following a volatile decline. Despite strong selling pressure, ETH printed a bullish daily close. This signals short-term buyer responsiveness at key support levels.

SOURCE: X

Technically, Ethereum remains below a major descending trendline and far under resistance near $4,250. This keeps the broader bias corrective. However, Ethereum price is approaching a historically important support band between the low-$2,200s and $2,100s.

Holding this zone is critical to avoid a deeper correction toward lower macro supports. CRYPTOWZRD suggested that continued higher lows on lower timeframes could support a short-term recovery attempt. Still, without strong volume and resistance reclaim, the move would reflect stabilization rather than trend reversal.

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