Ethereum Teeters at $1,800—Can Bulls Defy Gravity or Is a Correction Inevitable?

Ethereum’s price action has traders split—the $1,800 level now acts as both psychological support and a make-or-break line for the uptrend. Network upgrades and institutional interest fuel optimism, but derivatives data shows overheated leverage. Wall Street’s ’this time it’s different’ crowd is already drafting the victory press releases.

Key factors to watch: ETF speculation (again), L2 adoption metrics, and whether Bitcoin’s moves drag ETH along like a reluctant little brother. The real question isn’t if Ethereum holds $1,800—it’s whether the ’smart money’ starts taking profits before retail FOMO kicks in again. After all, history shows crypto markets love nothing more than punishing both greed and fear in the same week.

• Ethereum is trading at $1,840 with a slight increase of 0.2%, with an ongoing $7.63 billion in volume.
• There is speculation that ETH may hit $2,000 should it overcome resistance from $1,900.
• Ethereum’s short-term holders count nearly 4 million, typically precipitating major price rallies.

Ethereum is trading at $1,840 with a slight increase of 0.2%. ETH remains firmly above the $1,800 mark, with an intraday trading volume of $7.63 billion. However, the price variation over the past 30 days has remained below 2%, raising concerns among market analysts.

Can Ethereum Break $2,000 for Rally?

MiloX Trading has raised the possibility of ETH reaching $2,000 in the coming weeks if bullish momentum continues. ETH is consolidating above the 50-day EMA with increasing trading volume, while the RSI shows an upward trend. However, strong resistance lies at $1,900 and $2,000, and ETH must break $1,900 convincingly for a sustainable rally.

The bearish pressure of the 100 and 200-day EMAs should keep prices under control. Support Levels at $1,750 and $ 1,600 offer protection if the rally faces obstacles. Traders are closely monitoring whether ETH can overcome these resistance points and possibly regain the $2,000 zone in the short term.

Technical analysts foresee Ethereum’s price surging significantly, with expectations of a 120% surge towards $2,500. Should the rise continue, it could set the stage for an even longer-term price boom, with ETH headed for $4,000 or beyond. Such an action would mark an intense, long-lasting bullish trend for the token.

Short-Term Holders Near 4 Million Threshold

Analyst Burak Kesmeci suggested that Ethereum may be entering a prolonged uptrend based on the growing activity of short-term holders. These traders, who typically hold ETH for less than 155 days, are highly sensitive to market trends.

Kesmeci indicates that when short-term holders are over 4 million, ETH tends to have large price surges, such as in 2022 and 2024. Although 3.92 million is the current short-term holder figure, an increase from above 4 million might show sufficient bullish force to drive 

ETH into an extended long-term uptrend. Ethereum’s long-term holders also have faith in its future price outlook, with 104.24 million LTHs demonstrating conviction in the market. The increasing count of long-term holders also reinforces the idea of long-term price appreciation, driving hope for Ethereum’s future direction.

Read More: Ethereum price eyes breakout as bullish Pennant forms – will ETH hit $1,900 soon?