Ethereum is experiencing a strong downtrend at the critical $1.5K support area. This level has emerged as a significant psychological support point since November 2024. 📉
Recent increased buying pressure has led to a temporary recovery in price. However, if selling pressure continues, there is a risk of the price falling to the $1K level if the $1.5K support is broken.
While funding rates in the futures market are declining, the increasing activity of buyers is noteworthy. If this trend continues, Ethereum may target higher price levels. However, if selling pressure reasserts itself, the likelihood of a deeper decline increases. 🔍
Recent increased buying pressure has led to a temporary recovery in price. However, if selling pressure continues, there is a risk of the price falling to the $1K level if the $1.5K support is broken.
While funding rates in the futures market are declining, the increasing activity of buyers is noteworthy. If this trend continues, Ethereum may target higher price levels. However, if selling pressure reasserts itself, the likelihood of a deeper decline increases. 🔍