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Ethereum Price Analysis: ETH Defends $1.5K Support, But Weak Demand Puts Recovery in Question
• Ethereum is trading within a bearish market structure, with significant resistance above $1.75K and $1.85K, despite stabilizing around the $1.5K support zone.
• The daily and 4-hour charts indicate a potential upward move if buyers can defend the broken trendline and the $1.5K support, but losing these levels could shift momentum back to sellers.
• The Coinbase Premium Index remains negative, suggesting weak institutional demand, which limits the likelihood of a strong bullish reversal for Ethereum.
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#Get2SharesOfSKHynixAtZeroCost #GateCompletesDividendDistribution #StrategyBuybackSurges12% $ETH