Ethereum Price Stuck Near Breakeven Ceiling, Next 72 Hours Crucial

The Ethereum price has been experiencing volatility in recent sessions, with daily gains of 4.76% and 6.32%. However, the chart suggests that the bulls have not yet cracked the ceiling created by whale cohorts sitting near their average cost basis.

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

The recovery lacks volume conviction needed to flip the next major resistance zone, with the 100-day EMA acting as a barrier at $2,400. The structure underneath still looks solid, with price holding above the 20 and 50-day averages, keeping the bias slightly bullish.