ETH Hits a Sell Wall Near $2,300 as Wall Street Keeps Unloading Ethereum

Three Things to Know Large funds keep selling Ethereum while whales quietly add to their holdings. ETH trades below both its 50-day and 200-day averages, and momentum still favors sellers. A cluster of resistance near $2,300 has capped every recent bounce, and buyers have yet to crack it. Institutional investors are still cutting their Ethereum exposure, while on-chain data shows large holders buying the coins the funds are dumping. That tug of war has slowed the decline in ETH without reversing it. Sellers still control the trend, and the overhead averages have turned into a ceiling. Traders now want to know whether whale demand can outlast fund selling, or whether it will give way first.

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