If the $1500 support level can't hold, this accumulation zone will truly become a trap zone.

CoinWorld reports that Ethereum is approaching the $1500 support level due to geopolitical risks, ETF capital outflows, and technical weakness. The current price is $1652.70, down 0.4% in 24 hours, with a daily trading volume of $12.28 billion, a market cap of approximately $199.2 billion, and a 7-day decline of 4.91%. The US-Iran conflict and high energy prices are driving inflationary pressures, prompting investors to seek safe havens. Analysts say ETH has entered a long-term accumulation zone, approaching the 0.8 MVRV valuation band, which is often seen as a sign of being undervalued.