Ethereum has failed to reclaim the $1,800 resistance level for a second time, a zone that previously acted as support. The cryptocurrency’s daily Relative Strength Index is currently around 40, indicating weakening bullish momentum, while its price has declined approximately 43% year-to-date. Market analysts are monitoring technical indicators and broader economic developments as traders assess whether current levels represent consolidation or a continued downtrend.
Ethereum remains under pressure after failing to reclaim the $1,800 level, a key price zone that has now turned into resistance. Market analysts are closely watching technical indicators while macroeconomic developments continue to influence investor sentiment.
The repeated inability to reclaim $1,800 suggests that sellers remain active in the market. Traders are monitoring whether Ethereum can build enough buying pressure to challenge this level again in the coming weeks.
One technical indicator attracting attention is ETH’s daily Relative Strength Index, currently near 40. Readings below 50 generally indicate weakening bullish momentum.
Ethereum has declined approximately 43% since the beginning of the year, reflecting technical weakness and broader macroeconomic uncertainty. Investors have become increasingly sensitive to interest rate expectations and inflation concerns.
If ETH fails to regain strength above $1,800, analysts are identifying $1,400 as a major support area. This level corresponds with previous market lows and may attract renewed buying interest.
