Ethereum Price Analysis: Can ETH Come Back Before $1.5K Enters Game?
Ethereum rebounded to $1.82K after a selloff reaching $1.71K, indicating oversold conditions but maintaining a broader bearish trend.
The first resistance level to watch is the $1.90K–$1.98K zone; A retracement of this level could improve recovery prospects, while a dip below $1.71K would shift the focus to the $1.51K-$1.64K demand zone.
Large whale orders were seen during the decline, indicating significant selling pressure, but the price response will be crucial to determine whether the decline is truly over.