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via Cointelegraph · By Cointelegraph Staff

Ethereum Bears Target $1,800 ETH Price: Here Is Why

ETH

ETH/USDT

$2,441.00

-1.84%

$2,441.00

-1.84%

(24s)

24h Volume

$13,662,795,666.78

24h H/L

$2,526.64 / $2,405.97

Change: $120.67 (5.02%)

Long/Short

59.4%

Long: 59.4%Short: 40.6%

Funding Rate

+0.0027%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,441.19

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,590.35

Resistance 1$2,445.78

Price$2,441.19

Support 1$2,387.50

Support 2$2,260.73

Support 3$2,076.39

Pivot (PP):$2,461.27

Trend:Uptrend

RSI (14):69.9

Cointelegraph Staff

(11:30 AM UTC)

1 min read

Verified byDavid Kim

0 comments

Ether’s (ETH) price has retraced by over 5.6% to $2,275 after being rejected by resistance at $2,400. Now, multiple data points suggest ETH/USD may drop below $2,000.

Key takeaways:

Low network activity signals declining usage and reduced onchain demand for ETH.
Coinbase Premium remains negative as spot Ethereum ETF outflows returned, reflecting strong US-driven sell pressure.
Ether’s falling wedge…

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Cointelegraph Staff · Cointelegraph

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