After holding the $1,800 support level, Ethereum (ETH) tried to start an upward trend. The largest altcoin managed to rise above $1,850 and even $1,920, but sellers near $1,950 prevented further growth. Market-wide selling pressure and reduced risk appetite due to the announcement of new US tariffs led to a market decline, causing Ethereum’s price to drop again. Currently, Ethereum is trading below the $1,850 level, with the 100-hour simple moving average. A downside break at the $1,865 support could indicate further weakness. If Ethereum sees an upward correction, the first resistance level is at $1,850, followed by $1,865 as a key barrier. If ETH can surpass these levels, the path to growth towards $1,920 and then $1,950 will be smoother, potentially pushing the price up to $2,000 or even $2,050. However, failure to reclaim $1,865 could initiate a new downward trend. The initial key support is at $1,800, with a break potentially leading to $1,780. In a more bearish scenario, ETH could decline to $1,720 and even $1,680. Ultimately, if selling pressure persists, the $1,620 level can act as the final crucial support.
