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

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, k…