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via Cointelegraph · By Cointelegraph Staff

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

ETH

ETH/USDT

$1,918.62

+0.16%

$1,918.62

+0.16%

(24s)

24h Volume

$1,936,203,253.65

24h H/L

$1,926.72 / $1,912.27

Change: $14.45 (0.76%)

Long/Short

59.7%

Long: 59.7%Short: 40.3%

Funding Rate

+0.0035%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,916.28

▲ 0.11%

Volume (24h): -

Resistance Levels

Resistance 3$2,148.26

Resistance 2$2,056.65

Resistance 1$1,954.15

Price$1,916.28

Support 1$1,897.45

Support 2$1,842.70

Support 3$1,722.82

Pivot (PP):$1,917.18

Trend:Sideways

RSI (14):56.5

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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