Ethereum Hits $1,803 With $1,860 Resistance From 5.58M ETH Holders

• Ethereum is now close to $1,860 where millions of wallets could sell their ETH near breakeven prices.
• Wallet data shows over 54 percent are holding ETH above the current price and waiting to exit safely.
• If ETH cannot break the $1,860 range the price could dip back toward $1,748 or the $1,695 volume area.

Ethereum (ETH) is facing heavy resistance at the $1,860 level as 4.54 million wallets hold 5.58 million ETH in that zone. The current price sits near $1,803, placing the asset directly below a key barrier with limited room to break higher. Data shows over 54.90% of wallets are “Out of the Money,” raising attention on this zone’s impact on ETH’s next move.

On-chain metrics from IntoTheBlock, shared by analyst Ali, outline the resistance between $1,805 and $1,857.97. The red cluster shows a significant volume of tokens previously purchased within that range, highlighting its importance. This cluster, tied to historical buyer positions, may act as a critical zone ETH must surpass to regain bullish momentum.

Strong Resistance Blocked by Millions in Dormant Wallets

The visualized data reveals a thick band of selling pressure between $1,805 and $1,857.97. Within this range, 4.54 million wallets are holding 5.58 million ETH, with the average acquisition price near $1,831. These holders may look to exit once price touches their break-even level.

This resistance acts as a psychological and technical barrier, especially after Ethereum climbed from the $1,748–$1,800 range. Many wallets entered their positions near $1,831, and this can create substantial selling when ETH nears that figure. It causes delays in upward progress due to large volume facing minimal profits.

The current resistance represents 15.08% of ETH’s on-chain coverage, making it one of the most populated resistance zones at present. If ETH fails to break through, price may dip back to $1,748.14 or even revisit the $1,695 range. Buyers are closely watching for signals before taking new positions.

Wallet Distribution Points to a Battle Zone

Volume distribution also shows 9.72 million ETH—worth about $17.53 billion—held “In the Money” at lower levels. These wallets entered between $1,528 and $1,800, representing 44.23% of total tracked positions. They are more likely to hold or buy on dips.

On the other hand, 12.07 million ETH—valued at $21.76 billion—is held “Out of the Money,” comprising 54.90% of tracked wallets . This suggests many users are still waiting for price recovery to break even. That could fuel volatility if price nears their entry range again.

Only 192,020 wallets are “At the Money,” which means they bought at prices equal to the current level of $1,803.43. These participants contribute less to market movement than those in clear profit or loss. The data favors either a break above resistance or a short-term stall.

Will Ethereum Surpass the $1,860 Wall and Shift Sentiment?

A central question now is whether Ethereum can break the $1,860 zone, where millions of wallets await breakeven exits. If it does, momentum could carry ETH above $1,910.49 and possibly toward $1,963.02. But if resistance holds, buyers may remain cautious in the coming days.

This zone marks a turning point as it aligns with high wallet activity and volume concentration. Traders now weigh the potential upside against the risk of rejection. Attention stays locked on whether ETH can generate enough demand to challenge the wall ahead.