## Ethereum Faces Downward Pressure: Key Support at $1537? Ethereum (ETH) is currently facing downward pressure after failing to maintain support around the $1,800 level. On-chain analytics firm Glassnode has identified a potential support zone near $1,537, raising concerns among investors. Glassnode's analysis indicates that addresses that initially purchased ETH at $1,800 have not reinvested following the recent price decline. Some investors who bought in the $2,000-$2,050 range are also experiencing losses. The firm points to a significant accumulation zone at $1,537, where approximately 99,400 ETH were previously acquired. Should the current downtrend persist, this level is likely to act as a short-term support area, potentially cushioning further price drops. Traders and investors should closely monitor this level for potential buying opportunities or further downside risk. ```

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