Ethereum is currently trading around $1811, showing a slight decrease over the past 24 hours but a significant increase over the last week. Recent on-chain data indicates bullish sentiment from both whales and institutional investors, with significant ETH accumulation and inflows into US spot Ether ETFs. However, the price is facing resistance around the $1800 level, where it has seen multiple rejections.
Technical analysis presents a mixed picture. While some short-term moving averages suggest a buy, longer-term averages indicate a sell. Oscillators are largely neutral to bearish. Overall, the market seems to be in a consolidation phase, awaiting a catalyst for a significant breakout in either direction. Key levels to watch include the resistance around $1890-$2000 and support in the $1740-$1680 range.