Ethereum Price Sees Technical Stall at $2,501: Analyst Expects Shakeout Before Next Move

The price of Ethereum (ETH) has reached an overbought level at $2,501 and is showing signs of technical stall. According to Lawrence Jengar, every major moving average is sitting well below current price, confirming the broader trend is structurally bullish. However, momentum has completely flatlined, with the MACD histogram printing zero, indicating that buyers are exhausted in the short run.

The RSI at 76 and Stochastic %K above 90 confirm this technical stall in a strong uptrend. Traders typically expect a controlled dip to shake out weak hands before the next leg up. The immediate resistance cluster between $2,552 and $2,604 is the wall ETH needs to clear with conviction.

The derivatives picture shows retail positioning at 70.3% long on the global book, while top-tier traders are running 57.4% long. This divergence suggests that institutional investors are not piling in at these levels. The market's taker flow is also neutral, with buy volume and sell volume being essentially identical.