Ethereum price stalls near $1,800 resistance as sellers pressure

Ethereum slipped back toward the $1,800‑$1,810 resistance zone on the 1‑hour chart after briefly rallying above a rising trendline, reviving short‑term selling pressure. The move matters because a sustained breakout could trigger the next bullish leg, while a rejection may usher a correction toward the $1,600 support that was recently breached.

Market dynamics and on‑chain flows

The price action reflects a “bearish rejection” from a highlighted supply area, indicating that sellers are still active despite a short‑term rally. Social sentiment remains mildly bullish at 2.31, and perpetual funding is positive at 0.0049%, meaning longs are paying shorts and leveraged long exposure persists. However, the technical picture shows weakening bullish momentum on the 1‑hour timeframe, suggesting that sellers may be preparing to regain control.

On‑chain data adds context: one wallet withdrew 8,239 ETH from exchanges over 12 hours, while another bought 11,843 ETH in three hours, together moving more than 20,000 ETH in recent hours. Such large, opposite flows highlight heightened trader activity around the current price level.

Ethereum’s market cap stands at $225.39 B and 24‑hour trading volume is $12.69 B, underscoring the asset’s liquidity and the significance of any price break. The recent price rise of 5.90% in the past day follows an 11.81% weekly gain and a 4.48% monthly increase, but the asset remains 37.20% lower than its one‑year peak.

Technical outlook

The $1,800‑$1,810 zone has repeatedly halted upward moves, making it a critical resistance point. Below $1,600, the market lost a key support level, and price remaining under $1,665 could keep bearish pressure alive. A decisive rejection from the $1,800 area could push ETH toward the $1,700‑$1,720 range, while a clean breakout might open the path to $2,050, a level highlighted by other analysts.

What to watch

• $1,800‑$1,810 resistance – a clear break with volume could signal the start of a new uptrend.
• $1,600 support – a sustained hold above this level would reduce downside risk; a slip below may trigger further declines.
• On‑chain wallet flows – another large net withdrawal or accumulation of >10,000 ETH could foreshadow price moves.

Ethereum’s price is perched at a pivotal juncture: a successful breach of the $1,800 resistance could reignite bullish momentum, while a rejection may reaffirm the current correction and test lower support levels. The next few sessions will likely decide which path the market follows.