Ethereum climbs toward $1800 – THESE 2 metrics flash caution
The post Ethereum climbs toward $1800 – THESE 2 metrics flash caution appeared on BitcoinEthereumNews.com. Ethereum recovery is entering its first meaningful test as buyers face a concentration of both technical resistance and on-chain supply. The altcoin rebounded from $1500 and is moving back towards the highlighted supply zone, where sellers who were earlier defending higher prices are still holding ground. Source: ETH/USD on TradingView Sellers hesitate not just because of technical resistance. According to CryptoQuant data, reserves at Binance have climbed to 3.893 million ETH. More to that, OKX continues receiving fresh inflows, so there is more ETH immediately available for sale. Moreover, Bitfinex reserves have fallen from 2.7 million to 2.2 million ETH. This shows that accumulation exists while remaining concentrated. The $1800 level overlaps one of Ethereum’s largest cost basis clusters. As a result, many holders are near breakeven, and they sell into strength as investors wa