Ethereum Price Prediction: ETH Rebounds as Buterin Pushes DeFi Vision
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Ethereum is trading between $1,890 and $1,954, with reduced leverage indicated by a drop in open interest to $23B. Vitalik Buterin's emphasis on resilient DeFi boosts long-term confidence despite current price stagnation and lower highs from the $2,100 zone.
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- ETH trades $1,890–$1,954, with a breakout likely defining the next move.
- Open interest fell to $23B, signaling reduced leverage and lower short-term volatility.
- Vitalik emphasizes resilient DeFi, boosting long-term confidence despite range-bound price.
Ethereum trades in a tight range after rebounding from sharp losses near the $1,800 level. The 1-hour chart shows a corrective bounce from the Fibonacci base around $1,801. Price reclaimed short-term moving averages, yet the broader trend still reflects lower highs from the $2,100 zone. Consequently, sellers maintain medium-term control despite the recent recovery.
Key Levels Define Short-Term Direction
In the near term, $1,890 to $1,900 serves as immediate support. This zone aligns with recent consolidation and minor EMA clustering.
Below that, $1,877 near the 0.236 Fibonacci level becomes critical. A break…
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