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via Cointelegraph · By Cointelegraph Staff

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

ETH

ETH/USDT

$1,741.06

+0.85%

$1,741.06

+0.85%

(24s)

24h Volume

$10,299,280,918.26

24h H/L

$1,779.90 / $1,702.00

Change: $77.90 (4.58%)

Long/Short

70.4%

Long: 70.4%Short: 29.6%

Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,753.90

▲ 2.75%

Volume (24h): -

Resistance Levels

Resistance 3$1,872.11

Resistance 2$1,829.25

Resistance 1$1,765.15

Price$1,753.90

Support 1$1,712.44

Support 2$1,612.80

Support 3$1,505.68

Pivot (PP):$1,746.91

Trend:Downtrend

RSI (14):44.8

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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