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via Cointelegraph · By Cointelegraph Staff

Ethereum Price Structure ‘Weakening’ as Traders Focus on $1.8K Support

ETH

ETH/USDT

$1,881.24

+1.29%

$1,881.24

+1.29%

(24s)

24h Volume

$3,100,344,097.79

24h H/L

$1,889.36 / $1,851.22

Change: $38.14 (2.06%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,883.25

▲ 0.45%

Volume (24h): -

Resistance Levels

Resistance 3$2,063.38

Resistance 2$1,941.18

Resistance 1$1,884.23

Price$1,883.25

Support 1$1,858.13

Support 2$1,754.69

Support 3$1,702.98

Pivot (PP):$1,867.73

Trend:Sideways

RSI (14):57.0

Cointelegraph Staff

(03:50 PM UTC)

1 min read

Verified byJames Mitchell

1363 views

0 comments

Market analysts say Ether (ETH) still faces “downside pressure” that could trigger another ETH price sell-off as traders shift their focus to support at $1,800.

Key takeaways:

Ether faces downside pressure as elevated leverage and positive funding rates amid falling prices signal fragile market conditions.
Analysts say ETH must hold the $1,800-$1,750 support zone to avoid a deeper correction.

Et…

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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Source

Cointelegraph Staff · Cointelegraph

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