ETH Faces Whale Sell Walls at $1,750 and $1,655

Published: 2026-06-10 07:03:54 |

Ethereum (ETH) is trading near $1,649 after a -2.40% daily drop, as large “whales” on Binance and Coinbase allegedly set sell walls that keep ETH capped. Binance whales are reportedly placing a major sell wall around $1,750, viewed as the key level bulls must reclaim to shift momentum. Coinbase whales are also said to add another sell barrier near $1,655, close to current prices and therefore acting as near-term resistance. Traders say ETH remains range-bound between $1,500 and $1,750. A clean break above $1,750 could invalidate the recent weak-recovery pattern and open room toward $2,100. If ETH loses the $1,600 support and then the $1,500 area, the downside risk extends toward $1,400. Technicals remain soft: ETH is trading below key Fibonacci levels after losing $2,229. MACD momentum is weak (MACD line below signal; negative histogram). RSI is around 26, suggesting oversold conditions, but oversold alone does not confirm a durable rebound. Overall, the ETH sell walls are the immediate driver of price action, keeping sellers in control while bulls wait for confirmation above $1,750.

Bearish

The article highlights ETH sell walls at $1,750 (Binance whales) and $1,655 (Coinbase whales). In similar past setups, when heavyweight holders repeatedly defend resistance levels, rallies often fail and price remains stuck in a lower-range “retest” pattern until a decisive breakout occurs. ETH is also described as bearish on daily technicals (MACD weak, RSI only indicates oversold, not reversal confirmation), which increases the probability that sellers control the near-term direction. Short-term impact: traders may fade rallies into $1,655–$1,750 and watch for a breakdown if $1,600/$1,500 support fails. Longer-term impact: the oversold RSI could attract dip-buying, but without a sustained reclaim above $1,750, the market is more likely to continue grinding sideways-to-down rather than trend upward. A clean reclaim would be the main trigger that could flip momentum toward the $2,100 target.