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via Cointelegraph · By Cointelegraph Staff

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

ETH

ETH/USDT

$1,614.77

-2.99%

$1,614.77

-2.99%

(24s)

24h Volume

$14,453,994,560.00

24h H/L

$1,693.67 / $1,552.95

Change: $140.72 (9.06%)

Long/Short

79.3%

Long: 79.3%Short: 20.7%

Funding Rate

-0.0031%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,621.54

▼ -2.73%

Volume (24h): -

Resistance Levels

Resistance 3$1,734.14

Resistance 2$1,681.18

Resistance 1$1,622.72

Price$1,621.54

Support 1$1,615.03

Support 2$1,551.77

Support 3$1,505.68

Pivot (PP):$1,622.72

Trend:Downtrend

RSI (14):33.9

Cointelegraph Staff

(11:30 AM UTC)

1 min read

Verified byDavid Kim

1468 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Cointelegraph Staff · Cointelegraph

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