Ethereum is trading near $2,495 and has struggled to hold above $2,500. Retail selling is the main reason ETH can’t break higher right now.
Wallets holding between 1,000 and 10,000 ETH sold 214K ETH last week. Wallets in the 100–1,000 ETH range sold another 93K ETH. That’s a total of 307K ETH distributed by retail investors in a single week.
These sellers appear to be cashing out near break-even. Their average on-chain cost basis sits around $2,265, just below where ETH recently paused.
Whales — wallets holding 10,000 to 100,000 ETH — did buy last week, adding 82K ETH. But that’s not enough to offset retail selling pressure.
ETF demand also cooled. US spot Ethereum ETFs pulled in $218.4 million last week, down about 74% from $824 million the week before. By comparison, Bitcoin ETFs brought in $986.9 million over the same period.
Market analyst Ted Pillows noted that spot demand has weakened across major cryptocurrencies, first in Bitcoin then in Ethereum. He said another strong move higher is possible if demand recovers within a few days, but a drop could come first if it doesn’t.
Spot demand across majors has started to weaken.
First bitcoin:native and now $ETH.
If this changes in a few days, another impulsive move could happen.
Or else, we'll have a dump first and then a reversal. pic.twitter.com/c8N78d8xWs
— Ted (@TedPillows) September 7, 2026
Daily active addresses on Ethereum have stayed below 500,000 during September and are more than 5% below last year’s comparable period.
Analyst Ali Martinez reported that more than 116,000 ETH left crypto exchanges over the past 48 hours, worth roughly $300 million. Exchange balances fell to about 11.92 million ETH, the lowest since August 31.
Fewer tokens on exchanges reduces the amount available for immediate sale.
Analyst Crypto Patel pointed out that ETH is consolidating in a defined range, with resistance at $2,520–$2,530 and support at $2,360–$2,370. He said a two-hour candle close above $2,530 would confirm a bullish breakout toward $3,000, while a drop below $2,370 raises downside risk toward $2,000.
$ETH Is Currently Consolidating Within A Well-Defined Range Structure After Its Sharp Impulsive Move Higher.
🔴 Resistance: $2,520–$2,530
🟢 Support: $2,360–$2,370Price Is Repeatedly Testing The Upper Boundary But Failing To Secure A Sustained Breakout, Indicating Strong… pic.twitter.com/CNPsqiuudu
— Crypto Patel (@CryptoPatel) September 8, 2026
Ali Charts noted that $2,475 is a major support zone and that the path to $2,722 stays open as long as that level holds. The bigger test comes between $2,723 and $2,822, where over 10 million ETH previously traded.
Ethereum is sitting on a major support zone around $2,475, where roughly 2.86 million ETH have previously changed hands.
As long as this level holds, the path toward $2,722 remains relatively clear.
The real test comes between $2,723 and $2,822, where more than 10 million $ETH… https://t.co/kwLrVWl186 pic.twitter.com/ffwai9aOpn
— Ali Charts (@alicharts) September 7, 2026
ETH recorded $39.5 million in liquidations over the past 24 hours, with $22.4 million coming from short positions.
The RSI sits around 64 and ETH trades above all major moving averages on the daily chart.
The post Ethereum (ETH) Price: Retail Investors Are Selling Into Every Rally — Here’s What the Data Shows appeared first on CoinCentral.
