Ethereum Price Prediction: How Close Is ETH to a Sub-$1.5K Breakdown?
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Ethereum is under significant selling pressure after losing a key support and is extending toward the lower boundary of its trading range, with buyers only temporarily defending the $1.45K to $1.55K demand area. The daily chart shows overhead resistance at $1.75K to $1.85K and the market structure favors bears unless ETH reclaims those levels, posing downside risk to token performance and broader crypto and DeFi markets.
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Ethereum remains under significant selling pressure after losing a major support area and extending its decline toward the lower boundary of its broader trading range. While buyers have managed to defend the range lows for now, the market structure continues to favor the bears unless ETH can reclaim several key resistance levels overhead.
Ethereum Price Analysis: The Daily Chart
On the daily timeframe, ETH remains trapped within a broad range defined by the upper blue resistance zone around $1.75K-$1.85K and the lower blue demand area near $1.45K-$1.55K.
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In This News
Coins
$ 1.82K
+1.64%$ 1.82K
+1.77%Predictions Markets
See what traders are focused on
Share:
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Ethereum Price Analysis: ETH Faces a Crucial Test After Latest Rebound
