ETH price break out faces selling pressure from leaving retail traders

ETH has stalled near $2,330 as retail selling — particularly deposits to Binance — offsets whale accumulation, preventing a breakout. The token trades just above its average realized price (~$2,307), creating a convenient exit for retail while whales and firms (e.g., Bitmine) accumulate. A selling wall of ~3,500 ETH around $2,330 and concentrated short open interest between $2,427–$2,500 have capped upside. Open interest has fallen to $12.47B from local peaks above $14B, and ETH market-cap dominance is down to 10.1% as BTC strength (dominance ~58%) outpaces ETH. Net effect: continued sideways-to-cautious price action with downside pressure from retail activity despite on-chain support from larger holders.