$ETH

Ethereum (ETH) failed to surpass $1,860 once again, recording a notable drop over the weekend. The correction threatens to deepen if the price falls below the 50-day simple moving average (SMA).

ETH reached an intraday high of $1,870 on Friday, but pulled back over the weekend. Despite the drop, ETH has traded above $1,800, with strong support between $1,772 and $1,824, where more than 4.5 million addresses have purchased 6.36 million ETH.

Price action has remained moderate since April 22 and 23, when it spiked to cross $1,800, reaching key resistance levels. While ETH has failed to surpass $1,860, the bulls have not surrendered ground to the bears. As a result, ETH has maintained its position above $1,800, trading in a narrow range.