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via Cointelegraph · By Cointelegraph Staff

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

ETH

ETH/USDT

$2,685.25

-2.83%

$2,685.25

-2.83%

(24s)

24h Volume

$16,852,378,019.29

24h H/L

$2,789.00 / $2,635.39

Change: $153.61 (5.83%)

Long/Short

62.5%

Long: 62.5%Short: 37.5%

Funding Rate

+0.0027%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,688.12

▼ -2.38%

Volume (24h): -

Resistance Levels

Resistance 3$3,143.74

Resistance 2$2,818.68

Resistance 1$2,741.38

Price$2,688.12

Support 1$2,665.99

Support 2$2,569.61

Support 3$2,372.48

Pivot (PP):$2,749.03

Trend:Uptrend

RSI (14):63.5

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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