Ethereum price has paused at the critical $1.5K support zone. This level is significant as a psychological support point, but selling pressure continues. 📉

The price has shown a bounce from the lower boundary of the channel, but consolidation is expected. If it cannot gain momentum, there is a risk of a drop to the $1.1K level.

While funding rates are falling, buyers are becoming active around $1.5K. The coming weeks will determine the direction of Ethereum.