Ethereum is trading near $1,563 after a steady decline from its 2025 highs, with the price remaining below several former support levels and putting continued pressure on buyers. The $1,500 to $1,550 zone is now the main support area, having held twice before and making it crucial for short-term direction. A move above $1,750 would be the first clear sign of buyer strength; until that level is reclaimed, traders may treat any rebounds with caution.
Momentum indicators remain weak, with the daily RSI near 31 and the MACD still below zero. However, the MACD histogram appears to be flattening, suggesting selling pressure may be slowing. This could support a relief bounce if the $1,500 level holds. If the support breaks, analysts are watching $1,350 and $1,200 as lower targets.
Further resistance sits at $2,120, a level that once formed part of a stronger support area. Reclaiming that zone would bring ETH back inside the previous Fibonacci structure, with subsequent resistance at $2,592, $2,962, and $3,222. A close above $2,120 would be needed for a more bullish setup. Trader Daan Crypto Trades noted that ETH has failed almost every attempt to retake previous supports, and a move above $1,750 would be the first sign of higher-timeframe strength.
