Ethereum $ETH at Critical Support: Whale Moves, Selling Pressure & Buy-or-Wait Decision
Ethereum $ETH is trading near $2,003.58 after a 3.66% daily drop, with a neutral RSI showing no extreme buying or selling pressure. The key support level stands at $1,902, and a confirmed break below this zone could trigger stronger downside momentum. Volatility is moderate and volume slightly above average.
A whale deposit of 261,000 ETH to Binance has raised short-term selling concerns, while exchange net outflows still hint at long-term accumulation. Spot ETF flows remain negative, reflecting weak institutional demand. Whale data shows more shorts than longs, yet top traders continue selective buying.
For short-term traders, waiting for confirmation is safer, especially if price falls below $1,902.
Long-term investors may consider small entries near support, but only with strict risk management and patience as the overall market structure remains fragile.
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