ETH is still trading in a clear downtrend, and the market is reacting fast to both macro risk and geopolitics. With the war in the Middle East adding extra uncertainty, Ethereum is sitting near the 1,800 area on the chart, right on a key demand zone where buyers have tried to defend multiple times.
Ethereum Price Analysis: The Daily Chart
The daily structure remains bearish inside a descending channel, and the price is still capped by the downtrend lines and the 100-day and 200-day moving averages overhead. Until ETH reclaims the major $2,400 and $2,800 resistance levels, rallies look more like relief bounces than a true reversal.
Meanwhile, the nearby support area is located at the $1,850–$1,700 demand zone, and if this level breaks down, the next downside levels to watch are around $1,600 and the $1,400 mark, just above the lower trendline of the descending channel.
ETH/USDT 4-Hour Chart
On the 4-hour timeframe, ETH is behaving more like a range within the larger downtrend, with the price rotating between the support level near 1,800 and the resistance level near recent highs around $2,150. The last push into this level got rejected decisively, which keeps the short-term momentum tilted to the downside.
A bullish shift would require holding the $1,850 level and then reclaiming the $2,150 highs with follow-through, which could open a move back toward the $2,400 supply zone. But if the $1,850 support level fails and turns into resistance on a retest, the road toward the $1,600 mark and below will be cleared.
On-Chain Analysis
The Ethereum Total Value Staked chart demonstrates an aggressive uptrend while the price trends down, which is a supportive long-term signal. It implies more ETH is being locked into staking rather than staying liquid, reducing the readily available supply over time. This behavior could be due to the long-term conviction of investors, as they are buying ETH at discounted prices and locking in for the long term.
However, this does not mean the bottom is guaranteed to be nearby, because the price can still drop if forced selling and deleveraging continue. But if the market reclaims the key resistance levels while staking keeps climbing, it strengthens the case for a more durable recovery later on.
SPECIAL OFFER (Exclusive)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
