Ethereum Price Analysis: Bulls Face Resistance, What Next?

Ethereum (ETH) price is currently hovering around $1,800 after a notable 52% surge in daily trading volume. This recent activity comes amid mixed sentiment in the market as the largest altcoin attempts a rebound but continues to face bearish pressure. Despite brief bullish surges reaching $1,827, ETH is struggling to break through the $2K mark and currently trades within a tight range of around $1,801. 24-hour trading volume has reached $15.65 billion. A notable $43.21 million in ETH was liquidated during this period.