Ethereum recently bounced off the crucial $1.5K support level, but it\u2019s still struggling to break through the bearish order block near the $1.8K mark. If it fails to clear this resistance, another pullback could follow.<\/p>\n
By ShayanMarkets<\/p>\n
The price created a clear bullish reversal pattern at the $1.5K support level and quickly rallied toward the order block located at the $1.8K mark. Meanwhile, if the market experiences a rejection from the order block, the bullish fair value gap located below the price can provide support and push the asset back higher.<\/p>\n
With the 100-day MA taking a nosedive around the $2.2K level, this area is a probable bullish target for ETH on the daily timeframe. <\/a><\/p>\n On the 4-hour timeframe, ETH created a clear bullish market structure shift, with the descending channel broken to the upside. An impulsive rally has taken the price from around the $1.5K area to the $1.8K level in only a few days.<\/p>\n The $1.8K resistance zone is a critical one, as it has previously provided support for the market several times over the last few months. Therefore, a bullish breakout above this area could be the beginning of a further bullish continuation.<\/a><\/p>\n The Ethereum Open Interest chart from CryptoQuant offers valuable insight into the current derivatives market sentiment surrounding ETH.<\/p>\n During the last couple of cycles, Ethereum\u2019s open interest has shown a strong correlation with price trends, rising steadily during bullish phases and dropping sharply during corrections.<\/p>\n In recent weeks, a slight recovery is visible. The asset has rebounded to $1.8K, and open interest is climbing again toward the $12B level. This rising open interest during a price recovery signals renewed speculative positioning, possibly anticipating a breakout or continued relief bounce.<\/p>\n However, considering past patterns, this also raises the risk of a volatile flush if the price stalls or reverses sharply again. Therefore, risk management will still be crucial in the coming weeks.<\/a><\/p>\n The post Ethereum Price Analysis: Can ETH Take Down This Key Resistance Level?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum recently bounced off the crucial $1.5K support level, but it\u2019s still struggling to break through the bearish order block near the $1.8K mark. If it fails to clear this resistance, another pullback could follow. Technical Analysis By ShayanMarkets The Daily Chart The price created a clear bullish reversal pattern at the $1.5K support level […]<\/p>\n","protected":false},"author":0,"featured_media":63480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63479"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63479"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/63480"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The 4-Hour Chart<\/h3>\n
Onchain Analysis<\/h2>\n
![<\/a><\/p>\nThe 4-Hour Chart<\/h3>\nOn the 4-hour timeframe, ETH created a clear bullish market structure shift, with the descending channel broken to the upside. An impulsive rally has taken the price from around the $1.5K area to the $1.8K level in only a few days.<\/p>\nThe $1.8K resistance zone is a critical one, as it has previously provided support for the market several times over the last few months. Therefore, a bullish breakout above this area could be the beginning of a further bullish continuation.<\/a><\/p>\nOnchain Analysis<\/h2>\nThe Ethereum Open Interest chart from CryptoQuant offers valuable insight into the current derivatives market sentiment surrounding ETH.<\/p>\nDuring the last couple of cycles, Ethereum\u2019s open interest has shown a strong correlation with price trends, rising steadily during bullish phases and dropping sharply during corrections.<\/p>\nIn recent weeks, a slight recovery is visible. The asset has rebounded to $1.8K, and open interest is climbing again toward the $12B level. This rising open interest during a price recovery signals renewed speculative positioning, possibly anticipating a breakout or continued relief bounce.<\/p>\nHowever, considering past patterns, this also raises the risk of a volatile flush if the price stalls or reverses sharply again. Therefore, risk management will still be crucial in the coming weeks.<\/a><\/p>\nThe post Ethereum Price Analysis: Can ETH Take Down This Key Resistance Level?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum recently bounced off the crucial $1.5K support level, but it\u2019s still struggling to break through the bearish order block near the $1.8K mark. If it fails to clear this resistance, another pullback could follow. Technical Analysis By ShayanMarkets The Daily Chart The price created a clear bullish reversal pattern at the $1.5K support level […]<\/p>\n","protected":false},"author":0,"featured_media":63480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63479"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63479"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/63480"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ETH-D-scaled.jpg\"){kind=link}
![<\/a><\/p>\nOnchain Analysis<\/h2>\nThe Ethereum Open Interest chart from CryptoQuant offers valuable insight into the current derivatives market sentiment surrounding ETH.<\/p>\nDuring the last couple of cycles, Ethereum\u2019s open interest has shown a strong correlation with price trends, rising steadily during bullish phases and dropping sharply during corrections.<\/p>\nIn recent weeks, a slight recovery is visible. The asset has rebounded to $1.8K, and open interest is climbing again toward the $12B level. This rising open interest during a price recovery signals renewed speculative positioning, possibly anticipating a breakout or continued relief bounce.<\/p>\nHowever, considering past patterns, this also raises the risk of a volatile flush if the price stalls or reverses sharply again. Therefore, risk management will still be crucial in the coming weeks.<\/a><\/p>\nThe post Ethereum Price Analysis: Can ETH Take Down This Key Resistance Level?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum recently bounced off the crucial $1.5K support level, but it\u2019s still struggling to break through the bearish order block near the $1.8K mark. If it fails to clear this resistance, another pullback could follow. Technical Analysis By ShayanMarkets The Daily Chart The price created a clear bullish reversal pattern at the $1.5K support level […]<\/p>\n","protected":false},"author":0,"featured_media":63480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63479"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63479"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/63480"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ETH-4H-scaled.jpg\"){kind=link}
![<\/a><\/p>\nThe post Ethereum Price Analysis: Can ETH Take Down This Key Resistance Level?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum recently bounced off the crucial $1.5K support level, but it\u2019s still struggling to break through the bearish order block near the $1.8K mark. If it fails to clear this resistance, another pullback could follow. Technical Analysis By ShayanMarkets The Daily Chart The price created a clear bullish reversal pattern at the $1.5K support level […]<\/p>\n","protected":false},"author":0,"featured_media":63480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63479"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63479"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/63480"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Ethereum-Open-Interest-All-Exchanges-All-Symbol-scaled.jpg\"){kind=link}