{"content":"🔥 Ethereum Hits Make-or-Break Zone — Can Bulls Ignite $3K Rally? As it approached $2,800, Ethereum and the market had investors on edge this week. As bulls sought to continue the upswing, Ethereum briefly encountered resistance around $2,750 over the week. On-chain data suggests this is a response to a big cluster of purchase levels around $2,800, which may intensify sell-side pressure in the coming days. Investor Cost Basis Cluster Heats $2,800 Zone Ethereum regained nearly half of its losses last week from its December 2024 top at $3,800 after rising from a low near $1,600 in April. On-chain analytics tool Glassnode reports that buyers who purchased Ethereum at $2,800 have accumulated a lot of supply. Glassnode's cost-basis heatmap suggests wallet activity at this level is concentrated. This concentration means that many ETH investors who have been underwater since early 2025 may now exit at breakeven when Ethereum hits $2,800. As Ethereum reaches this level, selling pressure may grow. The idea is that underwater investors may exploit this rally to leave neutrally. Unless demand exceeds supply, sell-side pressure might halt the gain. The heatmap below reveals a big supply density cluster below $2,800 that Ethereum must overcome to recapture $3,000. The $2,800 price cap may be a challenge this week, but on-chain data reveals Ethereum has significant support below the present price level. Ethereum investors have created a strong demand zone between $2,330 and $2,410. A crucial support floor, this sector has 2.58 million addresses and 63.65 million ETH. Ethereum is now trading at $2,500, down 2% in 24 hours. The biggest altcoin's price is between selling pressure above and demand below. There are no strong resistance barriers other than the cost basis levels around $2,800, thus a breakthrough over that level might increase Ethereum price fast towards $3,000. The odds now depend on whether positive momentum can break through the resistance cluster or if a drop toward $2,370 will restart the surge. #TrumpTariffs #MarketPullback $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/25/ca7e09d0130248429c749fe71534400f.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}