Ethereum price trades at $1,778, down 1.03% in a day, as analysts watch the $1,926 resistance level for trend confirmation. Robinhood Chain has boosted sentiment with $141 million bridged and $877.56 million in DEX volume, expanding Ethereum’s reach. Meanwhile, Ethereum’s 47% share of real-world assets and $260 billion total value locked surpass its $210 billion market cap, indicating a valuation gap. Derivatives show mixed positioning with higher volume but lower open interest. Support levels include $1,712 and $1,550, while resistance extends to $2,226.
Ethereum price on Monday approached a key resistance cluster, with analysts monitoring the $1,926 level for confirmation. According to analyst More Crypto Online, the recovery remains active but the wider structure has not yet shifted into a confirmed bullish trend.
As of writing, Ethereum (ETH) is trading at $1,778, showing a decline of 1.03% in a day. CoinMarketCap data shows trading volume has risen 14.36% to $8.45 billion, while the weekly change is an increase of 0.54%.
The analyst noted that Ethereum is approaching a resistance cluster identified in earlier updates. The expanded resistance area falls between $1,815 and $2,226, and the subsequent reaction will be crucial for the short-term trend.
A rejection in that zone could cause the recovery to falter. A five-wave decline and a break below $1,712 would increase the probability of a larger three-wave decline.
The risk scenario is based on a strong decision above resistance. If buyers force the price beyond that area, Ethereum might experience a correcting rally.
According to CoinGlass, the coin has seen higher turnover and lower positioning. Futures volume rose 22.74% to $32.28 billion, while open interest fell 0.36% to $24.49 billion, and the ETH OI-weighted funding rate stood at 0.0042%.
Robinhood Chain has lifted sentiment around Ethereum, as Ethereum Daily mentioned. The layer-2 network consumes ETH as gas, and approximately $141 million worth of ETH has been bridged to the chain with more than 500,000 ETH-holding wallets.
It has surpassed both Ethereum L1 and Base in 24-hour DEX volume, with a total of $877.56 million. Ethereum Daily stated, “Robinhood Chain is not taking value away from Ethereum — it is expanding Ethereum’s reach.”
Data from RWA.xyz shows that Ethereum accounted for 47% of real-world assets. Lisk’s Leon Waidmann reported that Ethereum’s $260 billion total value locked surpassed Ether’s $210 billion market cap, adding that the gap signals ETH is underpriced and that its relative valuation is lower than in the 2022 bear market.
