Ethereum Battles Resistance at $1,800 as Bulls Face Crucial Test

Ethereum’s price has stabilized near the $1,800 level following a steep 45% correction from its recent peak. Analysts highlight this zone as a crucial turning point for the asset, with a break above $1,870 signaling bullish momentum and below support near $1,350 potentially triggering further declines. 45% retracement from peak brings ETH to near $1,787, where it currently trades in the lower third of its long-term range. This price action suggests consolidation, followed by potential recovery.