Ethereum Price Stalls Below $2,000 Amid Whale Selling

Ethereum's price has stalled below $2,000 despite a generally bullish trend. The key resistance level at $1,915 is critical, and a sustained break above it could renew optimism. On the other hand, a drop below $1,875 may shift the trend to neutral or bearish.

The recent selling by large holders, known as whales, has weakened buying momentum. These whales have sold about $3 billion worth of ETH recently, contributing to the price stagnation.

Additionally, trading volume on decentralized exchanges has dropped significantly, indicating reduced demand. This is in contrast to capital locked in DeFi apps, which has increased.