Ethereum Bulls Dig In as ETH Defends $1.8K Threshold
Crypto traders double down on support levels—because nothing says ’sound investment strategy’ like gambling on digital green lines.
Ethereum’s price floor holds firm at $1,800 as bulls stage a textbook defense. On-chain data shows accumulation by whales, while retail FOMO creeps back into derivatives markets.
The real question? Whether this is the calm before another 20% swing—in either direction. Welcome to crypto, where technical analysis is just astrology for finance bros.
Should it break and close above the daily resistance at $1,861, the rally may continue to retest its psychological importance level at $ 2 K. The daily chart’s RSI shows bullish momentum NEAR 60, above its neutral level of 50.
On the other hand, ETH might continue to lose if it drops and closes below $1.7K, retesting its next daily support at $ 1,500
The Ethereum Exchange Supply Ratio fell sharply, indicating a change in market behavior. This decline implies that more ETH is leaving exchanges and probably going to DeFi platforms or cold storage.
Ethereum was trading at $1,836 at the time of writing. As a result of less sell-side pressure, less ETH is available for immediate sale on the market. This could raise the price shortly, with fewer coins available to facilitate trading
ETH network activity exhibits positive patterns.
The number of new addresses ROSE by 32 percent in the past week, which affirms an increase in investor interest. Furthermore, there has been a 6.96 percent increase in Active Addresses, indicating that current holders are active. Retail sentiment is still high, as evidenced by the 120 percent increase in Zero Balance Addresses.
