Recent analysis indicates a potential Ethereum price pullback to around $1,500. While the asset has shown some resilience in recent days, this is raising concern among analysts and traders alike. Analysts point to several factors contributing to this prediction: Ethereum’s resistance against breaking through key levels, market trends affecting the crypto space, and a potential for correction after a significant decline last week. Despite this bearish outlook, some see the pullback as an opportunity for potential buyers at discounted prices. The continued betting by institutional players on ETH, like BitMine which recently added 28,625 ETH worth $82 million to their portfolio, is further evidence of their confidence in the long-term future of Ethereum. However, analysts’ predictions remain optimistic about a market rally as they point to key support levels for Ethereum price: $2,300, $1,500, and $1,000. While ETH has traded near a flatline, it has shown signs of recovery since last week’s losses. The crypto market witnessed significant impact from the crash of Bitcoin, which led to a decline in Ethereum price. This situation, along with ongoing volatility, highlights the importance of understanding and navigating market trends and key levels for potential investors.