$ETH

Ethereum: Can ETH hold above?

Ethereum is trying to recover from the March drop and is currently trading at the level of 1770-1820. However, market sentiment remains tense ⚡️.

What's happening:

• The NUPL indicator has entered the capitulation phase — investors are ready to sell ⚠️.

• MVRV Long/Short Difference is deeply in the negative (-30%) — pressure on the price is increasing ❗️.

• Short-term holders (STH) are inclined to take profits — this hinders growth ⛔️.

Key levels:

• Resistance: $1,796 — it needs to be broken for movement towards $2,000 🚀.

• Support: $1,671 — losing this level could drop ETH to $1,522 📉.

What to expect next:

• If buyers become active, Ethereum could consolidate above $1,796 and target $1,906 and $2,000 ✅.

• With weak demand, ETH risks returning to a downtrend ❄️.