Ethereum Price Consolidates as Retail Distributions Outweigh Whale Optimism

Ethereum price has been consolidating near $2,500 on Monday as retail investors continue to distribute their holdings.

Retail investors holding between 1K-10K ETH offloaded a combined 214K ETH last week, extending their distribution pattern to a second consecutive week. Investors in this cohort began selling after Ethereum took a breather near $2,500, just above their average on-chain cost basis of $2,265.

The move reflects a cautious approach toward the recent recovery as retail investors are distributing after breaking even or booking modest profits.