Ethereum Whales Are Sitting on a Breakeven Ceiling at $2,400 Price: Are They About to Kill the Rally?

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Ahmed Barakat

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Ahmed Barakat

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Aug 2025

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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

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Last updated: 

April 17, 2026

Ethereum price is trading at $2,350–$2,351 after posting back-to-back daily gains of 4.76% and 6.32% in recent sessions, but the chart is telling a more complicated story.

Distribution pressure from whale cohorts sitting near their average cost basis is creating a ceiling that bulls haven’t cracked yet. One resistance level, in particular, is doing most of the heavy lifting right now.

According to Cryptoquant, key whale and retail cohorts carry average cost basis levels between $2,324 and $2,436, a band that neatly brackets current price action and creates natural sell pressure as holders look to exit near breakeven.

US spot ETH ETF inflows returned at $67.8 million on Wednesday after five straight days of net inflows per SoSoValue data, signaling slow but real institutional re-engagement.

Meanwhile, $111.6 million in liquidations hit over the last 48 hours, $70.8 million of that in longs, per Coinglass, a bruising reminder that leverage remains a liability at these levels.

Broader crypto sentiment has stabilized alongside equity markets, but ETH’s internal metrics suggest the recovery lacks the volume conviction needed to flip the next major resistance zone. The next 72 hours may determine whether this is a base-building phase or a fakeout.

Discover: The best crypto to diversify your portfolio with

Can Ethereum Price Break $2,400 and Confirm a Bullish Trend Reversal?

Ethereum price is basically stuck right under a ceiling, and $2,400 is the level doing all the damage, because it lines up with both resistance and the 100-day EMA, and every push into it keeps getting rejected.

The structure underneath still looks solid, though, with price holding above the 20 and 50-day averages, which keeps the bias slightly bullish as long as that holds.

Momentum is kind of neutral right now, RSI is sitting in the middle, and MACD is still weak but flattening, which usually means a bigger move is building but has not picked a direction yet.

If ETH can break above $2,400 with real volume, that is where things open up quickly toward $2,500 and higher, because the structure is already in place for continuation.

But if it keeps failing at this level, a pullback becomes more likely, with $2,200 as the first area that needs to hold, and if that goes, it can slide further down fast.

So this is one of those tight setups where everything comes down to one level, break it, and it runs, fail it again, and it pulls back.

Discover: The best pre-launch token sales

LiquidChain Targets Early-Mover Upside as Ethereum Tests Key Resistance

ETH’s recovery is real, but the math of upside from $2,350 to, say, $3,000 represents roughly 27% — respectable, but not the kind of asymmetric return that early crypto cycles are built on.

For traders watching Ethereum’s open interest dynamics and waiting for confirmation before sizing up, there’s a parallel conversation happening in early-stage infrastructure.

LiquidChain (LIQUID) is an L3 infrastructure project with a specific, structural pitch: it fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment, which the project calls a Unified Liquidity Layer. Developers deploy once and access all three ecosystems.

The mechanics include Single-Step Execution, Verifiable Settlement, and a Deploy-Once Architecture designed to eliminate the fragmentation that still quietly kills cross-chain DeFi strategies. The presale is currently priced at $0.0145, with $675,934.65 raised to date.

That’s early-stage traction, not a completed raise — and the distinction matters. Presales carry execution risk, no liquidity guarantees, and token unlocks that can pressure price post-launch. Do the work before committing capital.

Research LiquidChain Here.