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Ethereum faces $2,400 sell wall from Coinbase whales but holds key $2,026 support, signaling a critical price decision.

Technical Signals
26 May 2026
Coinpaper
View Source
Neutral
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Ethereum is currently caught between a strong sell wall at $2,400 created by Coinbase whales placing large sell orders and a major Fibonacci support level near $2,026. While these whales are applying downward pressure by placing large orders above the market, they have not yet sold their holdings. The weekly chart shows Ethereum holding the 0.786 Fibonacci retracement support, a key level that could determine its next price move. If ETH maintains this support, it could recover toward resistance levels above $2,400 and $3,000; however, a breakdown below $2,026 could lead to a deeper decline toward $1,017. This situation presents a critical decision point for Ethereum's short-term trend amid rising bearish sentiment but intact chart structure.

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