Ethereum is in a significant downward trend, having reached critical support at the $1.5K level. This level may hold, but a breakthrough could lead to a drop to $1K.

- On the daily chart, there is a temporary pause in the bearish momentum, but selling pressure remains strong.

- On the 4-hour chart, Ethereum is moving in a downward channel, which reinforces sellers' control.

- Futures market analysis shows a decrease in funding rates, indicating seller dominance. However, recent growth in buyer activity could change the situation.